3 minutes

HBC (HBC.CN) 2Q16 RESULTS: CHALLENGING ENVIRONMENT WEIGHS ON OUTLOOK

Primary Analyst: Coresight Research
Contributors
Primary Analyst: Coresight Research
Insight Report

Executive Summary

  • Hudson’s Bay Company (HBC) reported 2Q16 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of C$81million versus consensus of C$50.6 million. Adjusted earnings before interest, taxes, depreciation, amortization and rent costs (EBITDAR) was C$263 million and above expectations of C$256 million.
  • Total revenue was C$3.25 billion versus expectations of C$3.27 billion.
  • The company currently expects sales, adjusted EBITDAR and adjusted EBITDA to trend toward the bottom end of its outlook range.
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