Dec 10 (Reuters) - Hudson's Bay Co HBC.TO :
* HBC REPORTS THIRD QUARTER 2019 FINANCIAL RESULTS
* Q3 REVENUE C$1.8 BILLION
* HBC'S Q3 COMPARABLE SALES DECREASED 1.7 PERCENT
* QTRLY COMPARABLE SALES DOWN 1.7%
* SAKS FIFTH AVENUE'S COMPARABLE SALES DECREASED 2.3 PERCENT IN Q3
* HUDSON'S BAY COMPARABLE SALES DECREASED 3.9 PERCENT IN Q3
* QTRLY LOSS PER SHARE BASIC & DILUTED FROM CONTINUING OPERATIONS $0.95
* QTRLY LOSS PER SHARE BASIC & DILUTED FROM TOTAL OPERATIONS $1.23
* NET DEBT DECLINED $2.2 BILLION OR 56% YEAR-OVER-YEAR TO $1.7 BILLION AT QUARTER-END
* IN Q3, CO FACED "TOUGHEST COMP, SOFT INDUSTRY-WIDE LUXURY SALES"
* ACROSS INDUSTRY, THERE WAS A PULLBACK AMONG LUXURY CONSUMERS IN QUARTER
* AS EXPECTED, REIGNITING SALES AT HUDSON'S BAY IS TAKING TIME AS WE REPLACE UNPRODUCTIVE BRANDS AND IMPROVE SERVICE
* ACROSS HBC, CO WILL CONTINUE TO MAKE NECESSARY INVESTMENTS
* QTRLY GROSS PROFIT MARGIN WAS 38.3 PERCENT, DOWN 120 BASIS POINTS YEAR-OVER-YEAR