Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Insight Reports 2 minutes Premium

Hudson’s Bay (TSE: HBC) 1Q16 Results: Increased Real Estate Investments Hurt Earnings; Still on Track for FY16 Outlook

Coresight Research

Key Points

  • 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 Premium subscribers only. Learn more about subscriptions here.

Other research you may be interested in:

[bibblio style="bib--white-label bib--font-arial bib--title-only bib--split bib--row-4 bib--size-14 bib--default" query_string_params="eyJyZWxhdGVkcG9zdHMiOiJyZWxhdGVkX3Bvc3RzIn0=" recommendation_type="optimised"]
Coresight Research