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BRIEF-Hudson's Bay Reports Qtrly Earnings Per Share Of $1.20

Published 2019-04-03, 07:10 a/m
© Reuters.  BRIEF-Hudson's Bay Reports Qtrly Earnings Per Share Of $1.20
HBC
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April 3 (Reuters) - Hudson's Bay Co HBC.TO :

* HUDSON'S BAY - QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.95

* HBC REPORTS FOURTH QUARTER AND FISCAL 2018 FINANCIAL RESULTS

* Q4 SALES C$2.9 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$3.22 BILLION

* COMPANY'S Q4 COMPARABLE SALES DECREASED 1.4%, WITH COMPARABLE DIGITAL SALES UP 8.7%

* HBC EXPECTS TOTAL CAPITAL INVESTMENTS IN FISCAL 2019, NET OF LANDLORD INCENTIVES, TO BE BETWEEN $300 MILLION AND $325 MILLION

* QTRLY EARNINGS PER SHARE $1.20

* INVENTORY AS REPORTED ON HBC'S BALANCE SHEET AT END OF Q4 DECLINED BY $854 MILLION COMPARED TO PRIOR YEAR

* "WE ARE A FAR STRONGER COMPANY TODAY THAN A YEAR AGO, DESPITE SOME OF TOP-LINE CHALLENGES THIS QUARTER"

* HUDSON'S BAY SAYS STRENGTH OF SAKS FIFTH AVENUE CONTINUED

* SAKS FIFTH AVENUE'S Q4 COMPARABLE SALES GREW 3.9%

* QTRLY NORMALIZED NET INCOME PER SHARE $0.41

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