Company Earnings Update 3 minutesRegister for Free AccessHudson’s Bay Company (HBC) 3Q17 Results: EPS Misses Guidance, Comps Weak Coresight Research December 7, 2017 Executive Summary Hudson’s Bay Company reported 3Q17 revenues of C$3.2 billion, down 4.2% year over year and slightly below the C$3.4 billion consensus estimate. Adjusted EPS was C$(1.33), versus C$(0.69) in the year-ago quarter and below the C$(0.74) consensus estimate. Total comparable sales were down 3.2% year over year on a constant-currency basis. Comps were down 3% at HBC Europe and down 3.7% at DSG (which refers, collectively, to the Hudson’s Bay, Lord & Taylor and Home Outfitters banners) on a constant-currency basis. The company’s transformation plan remains on track to deliver annual cost savings of C$350 million. The company continues to look for ways to reposition its physical retail space following the sale of its Lord & Taylor store on New York’s Fifth Avenue to WeWork. 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: January 2024 US Retail Sales: Growth Moderates; Health Stores and Nonstore Retailers Continue To Show Solid GrowthUS Social Commerce Survey 2023: Video-Centric Platforms and Influencers Offer Opportunities for BrandsMarket Navigator: US Healthcare—Evolving To Become More Personalized and Consumer-FocusedEarnings Insights 1Q23, Week 1: Albertsons, Crocs, Procter & Gamble, Skechers and More Post Positive Results; Amazon’s Online Sales Improve