H&M 3Q Gross Margin 58.3%; Est. 58.4%

H&M 3Q Gross Margin 58.3%; Est. 58.4%

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Business

University

Hard

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The video discusses H&M's earnings report, focusing on the third quarter results. The third quarter pretax profit was slightly above estimates at 6.97 billion Swedish kronor, with sales rising by 7% year-on-year. The gross margin was slightly below estimates. H&M plans to open new stores in Taiwan, Macau, and India in 2015, and expand its online presence to 10 new markets. The company is also focusing on sportswear and shoes to compete with leading European retailers like Zara.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the net income figure for H&M in the second quarter?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How much did sales rise by from September 1st to the 23rd year on year?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the gross margin percentage for H&M in the third quarter?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the pretax profit for H&M in the third quarter?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

In which year does H&M plan to open its first store in India?

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