Company Earnings Update 4 minutesRegister for Free AccessHudson’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? Register for a free user account. This document was generated for Other research you may be interested in: Leveraging Digital Services, AI and Quick Commerce for Competitive Advantage: Global Learnings for US Retail and E-CommerceInnovator Profile: Big Sur AI—Boosting Brands’ Profitability with Commerce-First AI AgentsMixed Signals—Economic Optimism Continues But Consumers Feel the Strain on Personal Finances: China Consumer Survey InsightsConsumer Sentiment Falls Further After Stock-Market Sell-Off; Plus, Social Commerce in Focus: US Consumer Survey Insights
