Company Earnings Update 4 minutesRegister for Free AccessHudson’s Bay Company (TSX: HBC) 2Q19 Results: Secures 25% Equity Stake in Le Tote Joint Venture, Cuts Store Portfolio 25% Coresight Research September 13, 2019 Executive Summary Hudson’s Bay Company (HBC) reported 2Q19 revenues of C$1.85 billion, down 0.5% year over year and below the consensus estimate of C$2.13 billion. The company reported adjusted 2Q19 EBITDA of C$52 million, down 50.9% from the year-ago period. For the quarter, comparable sales were down 0.4%. By banner, Saks Fifth Avenue comps were up 0.6%, Hudson’s Bay comps decreased 3.4%, and comparable sales at Saks OFF 5TH increased 3.4%. The company did not offer 3Q19 or full year guidance. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 14: Harbor Freight Tools and Urban Outfitters Drive US OpeningsFlipkart Big Billion Days 2023: Wrap-Up—Value, Technology and Convenience Take the LeadBed Bath & Beyond: Which Retailers Are Set To Capture Market Share?Shoptalk Europe 2023 Day Two: Exploring the Roles of Web3 in the Supply Chain and “Wow” Moments in Physical Retail