Insight Report 2 minutes PremiumHudson’s Bay (TSE: HBC) 1Q16 Results: Increased Real Estate Investments Hurt Earnings; Still on Track for FY16 Outlook Coresight Research June 9, 2016 Executive Summary Hudson’s Bay Company reported 1Q16 revenues of C$3.3 billion up 59.4% year over year and in line with the consensus estimate. EPS was C$(0.53), missing the consensus of C$(0.39) and down from EPS of C$(0.27) in the year-ago quarter. The company’s comparable sales were up 4.4% in the quarter, though they declined by 1.0% on a constant-currency basis. Comparable digital sales were up 7.4% on a constant-currency basis. The company confirmed its previous full-year sales guidance of C$14.9–C$15.9 billion. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Immersive Experiences in Retail: Driving Sales Through Enhanced Shopper EngagementGroceryshop 2023 Wrap-Up: Exploring the Top Five Themes Driving Grocery Retail InnovationNRF 2024: Retail’s Big Show Wrap-Up—Leveraging Tech To Evolve the Retail Experience and Improve EfficiencyEarnings Insights 2Q23, Week 5: Burlington, Dollar Tree, Petco and Ulta Beauty Report Strong Results; Foot Locker, Gap, Kohl’s, Macy’s and Nordstrom See Sales Decline
