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: The Appeal and Power of Middle-Aged RFID Technology Continues to Pick Up Steam, with John HarmonDeeper on DeepSeek and Its Potential to Radically Level the AI Playing FieldWeekly US Store Openings and Closures Tracker 2025, Week 49: Claire’s Closes 146 More Stores Than AnnouncedHigh-Income Consumers Drive Uptick in Financial Optimism: Weekly US Consumer Sentiment, Week 22, 2025—Infographic
