Insight Report 3 minutes PremiumHudson’s Bay Company (HBC) 3Q16 Results: Weak Comps Due to Challenging Environment; Optimistic Holiday Outlook Coresight Research December 7, 2016 Executive Summary Hudson’s Bay Company reported 3Q16 revenues of C$3.3 billion, up 28.6% year over year but below the consensus estimate of C$3.4 billion. EPS was C$(0.69), missing the consensus estimate of C$0.24 and down from C$(0.04) in the year-ago quarter. Total comparable sales declined by 3.6%, driven by weakness in women’s apparel, department stores and the luxury sector. The company expects to see flat to low-single-digit comp growth for the fourth quarter, consistent with previous guidance. For the full fiscal year, the company expects to generate total sales of C$14.5–C$14.9 billion, with adjusted EBITDA of C$700–C$785 million. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Holiday 2023: Delving Into Key Service Category Trends in the USJuly 2024 US Retail Sales Outlook: Projecting Growth Acceleration Following a Weak JuneInnovator Profile: Primis Offers Digital Tools To Improve the Post-Purchase Customer ExperienceWeekly US and UK Store Openings and Closures Tracker 2024, Week 44: US Store Closures Climb 60% Year Over Year to Highest Level Since 2020
