Company Earnings UpdateHudson’s Bay Company (HBC) 1Q17 Results: Misses Guidance, Implementing Transformation Plan Coresight Research June 9, 2017 Executive Summary Hudson’s Bay reported fiscal 1Q17 EPS of C$(1.21), down from C$(0.58) in the year-ago quarter and below the C$(0.75) consensus estimate. Revenues were C$3.20 billion, down 3.0% year over year and slightly below the C$3.26 billion consensus estimate. Comps declined C$94 million, or 2.9%, comprised of flat comps at HBC Europe, down 2.4% at DSG, down 4.8% at Saks Fifth Avenue and down 6.8% at HBC Off Price, on a constant-currency basis. Separately, the company announced a Transformation Plan targeting C$350 million in annual savings, as management changes splitting the president roles for Hudson’s Bay and Lord & Taylor. 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: Innovator Profile: Relocalize—Hyper-Local Production with Autonomous Micro-Factories to Cut Costs and Reduce WasteEconomic Sentiment Shows First Uptick in Eight Weeks; Plus, Drugstore and Pharmacy Shopping in Focus: US Consumer Survey InsightsWeekly US Store Openings and Closures Tracker 2025, Week 44: Carter’s To Close 150 StoresAnalyst Corner: UK Retail Crime Soars—Visibly Reflected in Stores, with John Mercer
