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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Hudson's Bay Company    HBC   CA4442181018

HUDSON'S BAY COMPANY

(HBC)
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Hudson Bay : reports $984M second-quarter loss, $1.9B in revenue

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09/12/2019 | 07:37am EST

TORONTOHudson's Bay Co. reported a loss of $984 million in its latest quarter compared with a loss of $280 million in the same quarter last year.

The retailer says the loss amounted to $5.35 per share for the quarter ended Aug. 3 compared with a loss of $1.45 per share a year ago.

Excluding one-time items, HBC says its normalized net loss for the quarter was $171 million compared with a normalized net loss of $85 million in the same quarter last year.

Revenue totalled $1.9 billion, roughly the same as a year ago, while overall comparable sales fell 0.4 per cent.

Saks Fifth Avenue’s comparable sales grew 0.6 per cent, while Hudson's Bay's comparable sales fell 3.4 per cent in the quarter. Saks Off 5th comparable sales increased 3.4 per cent.

The company's results came as it evaluates an offer by a group led by HBC chairman Richard Baker to buy the retailer and take it private.

The Baker group has offered $9.45 per share, but the company has said an initial analysis suggested the bid was "inadequate."

Companies in this story: (TSX:HBC)

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (CAD)
Sales 2020 8 020 M
EBIT 2020 453 M
Net income 2020 -
Debt 2020 1 693 M
Yield 2020 0,57%
P/E ratio 2020 -
P/E ratio 2021 -
EV / Sales2020 0,47x
EV / Sales2021 0,26x
Capitalization 2 066 M
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Mean consensus UNDERPERFORM
Number of Analysts 6
Average target price 10,71  CAD
Last Close Price 8,78  CAD
Spread / Highest target 36,7%
Spread / Average Target 22,0%
Spread / Lowest Target 16,7%
EPS Revisions
Managers
NameTitle
Helena B. Foulkes Chief Executive Officer & Director
Richard A. Baker Executive Chairman & Governor
Rebecca A. Roof Chief Financial Officer
Stephen J. Gold Chief Technology & Digital Operations Officer
Robert C. Baker Director
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