H & M Hennes & Mauritz AB (publ)HMSB
▼ NegativeDemandrelevance
Tighter inventory management led to unmet demand and a 3% sales decline.
Impact on stocks 1
Consumer Discretionary
H & M Hennes & Mauritz AB (publ)H&M reported net sales of 104.4 billion Swedish krona for the first half of its financial year, a 3% decline from the same period a year earlier, as efforts to tighten stock control left some stores unable to fully meet shopper demand. Sales in Western Europe, the company’s largest market, fell 5% year-on-year. Chief executive Daniel Erver said sales in the latest quarter were somewhat lower than planned, adding that tighter inventory management had in some cases affected the ability to meet demand. He noted that the company sees potential to further increase precision to create a better balance between availability and demand, and that improvements made in recent years have strengthened profitability and simplified operations.
H & M Hennes & Mauritz AB (publ)Tighter inventory management led to unmet demand and a 3% sales decline.