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BRIEF-Hudson's Bay reports Q4 sales of C$4.5 bln

Published 2016-04-04, 05:09 p/m
© Reuters.  BRIEF-Hudson's Bay reports Q4 sales of C$4.5 bln
HBC
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April 4 (Reuters) - Hudson's Bay Co HBC.TO :
* Reports fourth quarter and fiscal 2015 financial results
* Q4 sales C$4.5 billion versus I/B/E/S view C$4.27 billion
* Qtrly comparable store sales up 1.8% on a constant currency basis
* Qtrly earnings per share $1.88
* Says currently expects to meet its target of $75 million in annual savings
during fiscal 2016.
* Says management is confirming its adjusted ebitdar and EBITDA outlook for
fiscal 2016 and increasing its sales guidance
* Sees 2016 sales $14.9 to $15.9 billion
* Expects to realize the remaining $5 million of its targeted $100 million in
synergies during the course of fiscal 2016
* Sees fiscal 2016 sales $14.9 billion to $15.9 billion
* Fiscal 2016 outlook assumes overall low single digit comparable store sales
growth, calculated on constant currency basis
* Sees in 2016, total capital investments, net of landlord incentives, expected
to be between $750 million and $850 million
* FY 2016 revenue view C$10.95 billion -- Thomson Reuters I/B/E/S
* Q4 earnings per share view C$0.99, revenue view C$4.27 billion -- Thomson
Reuters I/B/E/S

* Source text for Eikon ID:nBw7Vk1Mga

* Further company coverage HBC.TO

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