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BRIEF-HBC Reports Qtrly Total Loss Per Share C$0.69

Published 2018-12-05, 12:12 p/m
Updated 2018-12-05, 12:20 p/m
© Reuters.  BRIEF-HBC Reports Qtrly Total Loss Per Share C$0.69

Dec 5 (Reuters) - Hudson's Bay Co HBC.TO :

* HBC REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS

* Q3 SALES ROSE 5.6 PERCENT TO C$2.2 BILLION

* Q3 SAME STORE SALES ROSE 2.9 PERCENT

* QTRLY NET LOSS FROM CONTINUING OPERATIONS WAS $124 MILLION COMPARED TO A NET LOSS $116 MILLION IN PRIOR YEAR

* EXPECT TO FULLY REPAY $U.S.400 MILLION MORTGAGE ON LORD & TAYLOR FLAGSHIP WHEN WE CLOSE SALE OF BUILDING AT END OF JANUARY

* INVENTORY AS REPORTED ON BALANCE SHEET AT END OF Q3 DECLINED BY $907 MILLION COMPARED TO PRIOR YEAR

* QTRLY TOTAL LOSS PER SHARE C$0.69

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