Hudson’s Bay Company (HBC) 2Q18 Results: A Retrenchment to North America Helps Soften Comp Decline

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Key Points

  • Total comparable sales declined by 0.4%.
  • The company did not offer 2Q18 or full year guidance, nor did the company offer guidance on its 1Q call.

Figure 1. HBC Fiscal 2Q18 Key Metrics Fiscal 2Q18 Results HBC reported fiscal 2Q18 adjusted revenues of C$2,160 million, down 2.0% year over year. Adjusted EPS was $0.53, beating the consensus estimate of $0.57 and even with the consensus estimate of $0.53 from the year-ago quarter. The company’s adjusted metrics exclude HBC Europe, which are…

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