Company Earnings UpdateHudson’s Bay Company (TSX: HBC) 1Q19: Mixed Results, Focus on North America and Strategy at Saks OFF 5TH Coresight Research June 14, 2019 Executive Summary Hudson’s Bay Company (HBC) reported 1Q19 revenues of C$2.12 billion, down 3.3% year over year and above the consensus estimate of C$2.00 billion. The company reported adjusted 1Q19 EPS of C$1.15, up from C$(0.72) in the year-ago period. For the quarter, comparable sales were up 0.3%. By banner, Saks Fifth Avenue comps were up 2.4%, Hudson’s Bay comps decreased 4.3%, and comparable sales at Saks OFF 5TH increased 4.4%. The company did not offer 2Q19 or full year guidance. Management expects its cash flow position to remain unchanged, cash flow negative and close to flat. 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: Analyst Corner: Controversy Persists Around Price Gouging with Electronic Shelf Labels, with John HarmonAnalyst Corner: Holiday Spirit, Bigger Budgets: US Consumers’ Plans for the Fourth of July, Labor Day and the Holiday Season, with Aditya KaushikAnalyst Corner—US Convenience Store Retailing: Battling Headwinds and Seeking New Opportunities, with Sujeet NaikThe CORE 3.0 Framework for Artificial Intelligence in Retail
