Hennes & Mauritz ABB (HMRZF) - OTCPK - Current
  • Wed, Jun. 22, 7:45 AM
    • Hennes & Mauritz (OTCPK:HMRZF) reports net profit fell to 5.357B Swedish kronor ($650M) in Q2 vs. 6.453B last year and 5.46B consensus. An increased level of markdowns and a negative U.S. dollar effect were cited as drags on profit.
    • The company added e-commerce in Slovenia, Croatia, Estonia, Latvia, Lithuania, Luxembourg, Ireland, Japan, and Greece during the quarter.
    • Hennes & Mauritz press release
    | Wed, Jun. 22, 7:45 AM | 1 Comment
  • Mon, Feb. 15, 10:05 AM
    • Hennes & Mauritz (OTCPK:HMRZF, OTCPK:HNNMY) announces sales rose 7% Y/Y during January in local currencies. The solid tally follows a 10% sales gain in December. Comparable-store sales weren't broken down by the Swedish retail giant.
    • A negative calendar effect impacted sales negatively by two full percentage points.
    • H&M's store count rose to 3,958 at the end of the month, compared to the 3,541 stores it operated a year ago.
    | Mon, Feb. 15, 10:05 AM
  • Thu, Jan. 28, 4:15 AM
    • Deutsche Bank (NYSE:DB) -1% premarket after posting a full-year loss of €6.8B, as writedowns, litigation charges and restructuring costs took their toll.
    • Electrolux (OTCPK:ELUXY) slumped to a Q4 loss after costs from its failed GE deal weighed on results.
    • A strong dollar hit purchasing costs at H&M (OTCPK:HNNMY), resulting in a set of relatively lackluster earnings.
    • Roche (OTCQX:RHHBY) reported 5% fall in full-year net income as the strong Swiss franc countered gains from the company’s diagnostics and cancer treatment units.
    | Thu, Jan. 28, 4:15 AM
  • Oct. 2, 2015, 10:31 AM
    • Hennes & Mauritz (OTCPK:HMRZF, OTCPK:HNNMY) has filed a lawsuit against Forever 21 over coopyright infringement, reports Just-Style.com.
    • The case is of interest because it involves allegations of the use of a copycat manufacturer in China. Large fashion manufacturers have been looking for ways to stem the number of products out of China that infringe on product rights.
    • Forever 21 operates over 700 stores, with a majority located in the U.S.
    | Oct. 2, 2015, 10:31 AM
  • Sep. 24, 2015, 6:59 AM
    • Hennes & Mauritz (OTCPK:HMRZF, OTCPK:HNNMY) reports sales increased 19% to 46.024B SEK ($5.49B) in Q3.
    • Gross margin fell 240 bps to 55.9% during the quarter. Operating margin rate was down 280 bps to 14.8% as a strong USD had a negative impact on purchasing costs.
    • The company says it plans to open 240 stores in Q2 and open online stores in nine new markets next year.
    | Sep. 24, 2015, 6:59 AM
  • Sep. 8, 2015, 9:05 AM
    | Sep. 8, 2015, 9:05 AM
  • Aug. 17, 2015, 7:04 AM
    • Hennes & Mauritz (OTCPK:HMRZF, OTCPK:HNNMY) reports sales rose 16% in July on a constant currency basis.
    • The global retail chain has reported double-digit growth every month this year.
    • H&M's store count increased 10.1% Y/Y to 3,649 by the end of the month.
    | Aug. 17, 2015, 7:04 AM
  • Jun. 25, 2015, 8:34 AM
    • Hennes & Mauritz (OTCPK:HMRZF, OTCPK:HNNMY) reports revenue rose 10% (ex-VAT) to 45.87B Swedish kronor ($5.575B) in FQ2.
    • EPS was 3.90 per kronor vs. 3.51 a year ago.
    • Sales growth accelerated in June to 14%.
    • Gross margin rate fell 140 bps to 59.4%. Operating profit rate -180 bps to 18.2%.
    • Purchasing costs were higher in Q2 due in part to the strong U.S. dollar.
    • The company says the launch of H&M Beauty to 900 stores this fall will be a boost to results.
    • Hennes & Mauritz 6-month report (.pdf).
    | Jun. 25, 2015, 8:34 AM
  • May 18, 2015, 1:25 PM
    • Hennes & Mauritz (OTCPK:HMRZF, OTCPK:HNNMY) will launch a new line of beauty products this fall at over 900 stores and through online channels.
    • The updated range of beauty products will replace existing products and incorporate fashion-forward principles.
    • H&M has recorded seven straight months of double-digit sales growth in constant currency terms.
    | May 18, 2015, 1:25 PM
  • May 15, 2015, 7:36 AM
    • Hennes & Mauritz (OTCPK:HMRZF, OTCPK:HNNMY) reports group sales rose 10% in April in local currencies.
    • The company has now recorded seven straight months of double-digit growth.
    • Store count +11.2% Y/Y to 3,610 units.
    • H&M sales report (.pdf)
    | May 15, 2015, 7:36 AM
  • May 14, 2015, 11:21 AM
    • Hennes & Mauritz (OTCPK:HMRZF, OTCPK:HNNMY) has launched a national campaign to attract store workers in the U.S.
    • The retail chain opens a giant store in Manhattan next week and plans to open another 60 outlets across the U.S. this year.
    • Execs with H&M say the firm pays wages at a higher rate than the average in the retail sector.
    | May 14, 2015, 11:21 AM
  • Apr. 16, 2015, 1:40 PM
    | Apr. 16, 2015, 1:40 PM
  • Apr. 15, 2015, 9:45 AM
    • Hennes & Mauritz (OTCPK:HNNMY, OTCPK:HMRZF) reports sales rose 10% in local currencies during March .
    • March was the sixth month in a row that H&M recorded double-digit sales growth.
    • The company's store count rose 11.3% Y/Y to 3,580 stores to account for most of the revenue increase.
    | Apr. 15, 2015, 9:45 AM
  • Mar. 24, 2015, 8:22 AM
    • Hennes & Mauritz (OTCPK:HMRZF, OTCPK:HNNMY) reports net profit of 3.61B kronor ($423M) for FQ1 to top the consensus expectation of analysts of 3.37B kronor.
    • Total revenue was up 25% Y/Y to 40.28B kronor ($15.51B).
    • Gross margin rate +30 bps to 55.2%.
    • As expected, a strong U.S. dollar had an impact on results.
    • Sales growth by region (local currency): U.S. +28%, China +28%, Germany +5%, France +11%, Italy +21%, Switzerland +4%.
    • H&M says it sees opening 400 store this year, including expansion in the U.S. and China.
    • Full earnings report (.pdf)
    | Mar. 24, 2015, 8:22 AM
  • Jan. 28, 2015, 6:57 AM
    • Henns & Mauritz (OTCPK:HMRZF) reports sales of 42.6B Swedish kroner ($5.9B) in Q4.
    • The fast-fashion retailer earned a profit of 6.2B Swedish kroner ($858M) during the period, up 12% from a year ago.
    • Gross profit rate landed at 60.4% for the quarter.
    • The company plans to enter nine new online European markets in 2015.
    | Jan. 28, 2015, 6:57 AM
  • Jan. 15, 2015, 10:33 AM
    • Target's exit from Canada has retail analysts re-evaluating the plans of a number of chains with operations in the region.
    • The list below includes companies just entering Canada with a light store count and some well-established chains which have already been trimming.
    • Specialty: Chico's FAS (NYSE:CHS), DSW (NYSE:DSW), Hennes & Mauritz (OTCPK:HMRZF), Jimmy Choo, TJX Companies (NYSE:TJX), Moncler, Aeropostale (NYSE:ARO), Versace, Nordstrom.
    • Big-box: Best Buy (NYSE:BBY), Wal-Mart (NYSE:WMT), Staples (NASDAQ:SPLS), Sears Canada (NASDAQ:SHLD).
    • Previously: Nervous feet for Nordstrom over Canada? (Jan. 15 2015)
    • Previously: Full exit from Canada for Target (Jan. 15 2015)
    | Jan. 15, 2015, 10:33 AM | 7 Comments
Company Description
Currently, there's no company description for HMRZF.
Industry: Department Stores
Country: Sweden