Company Earnings UpdateHudson’s Bay Company (TSX: HBC) 2Q19 Results: Secures 25% Equity Stake in Le Tote Joint Venture, Cuts Store Portfolio 25% Coresight Research September 13, 2019 Executive Summary Hudson’s Bay Company (HBC) reported 2Q19 revenues of C$1.85 billion, down 0.5% year over year and below the consensus estimate of C$2.13 billion. The company reported adjusted 2Q19 EBITDA of C$52 million, down 50.9% from the year-ago period. For the quarter, comparable sales were down 0.4%. By banner, Saks Fifth Avenue comps were up 0.6%, Hudson’s Bay comps decreased 3.4%, and comparable sales at Saks OFF 5TH increased 3.4%. The company did not offer 3Q19 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: Three Data Points We’re Watching This Week, Week 6: US Consumer and Retail FocusAnalyst Corner—Trimming Waistlines and Spending: Exploring New Data on GLP-1’s Impact on Consumer Purchases, with John MercerThree Data Points We’re Watching This Week, Week 33: US Consumers’ Tariff PerceptionsThree Data Points We’re Watching This Week, Week 8
