Company Earnings UpdateHudson’s Bay Company (TSX: HBC) 4Q18 Results: Revenues Down, Group Comps Down, Return to Cash Flow Positive Coresight Research April 4, 2019 Executive Summary Hudson’s Bay Company (HBC) reported 4Q18 revenues of C$2.9 billion, down 5.5% year over year and below the consensus estimate of C$3.18 billion. The company reported adjusted 4Q18 EPS of C$0.41, up 583.3% from the year-ago period. For the quarter, group comparable sales were down by 1.4%. By banner, Saks Fifth Avenue comps were up by 3.9%, DSG (which includes Hudson’s Bay, Lord & Taylor, and Home Outfitters) comparable sales were down by 5.2%, and comparable sales at Saks OFF 5TH were down by 2.1%. The company did not offer 1Q19 or full year guidance. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Tariffs: Who Wins, Who Loses and What It Means for the EconomyAnalyst Corner: From Models to Markets—The Accelerating Shift Toward AI Applications, with Charlie PoonConsumer Sentiment Shows Signs of Improvement Amid Temporary Tariff Reduction: China Consumer Survey InsightsInnovator Profile: Shopeaks—Transforming Social Media Monetization with Personalized Storefronts
