TORONTO -- Hudson's Bay Co. posted a loss of $400 million in its latest quarter compared with a loss of $221 million a year ago.
The retailer says the loss amounted to $1.70 per share for the fiscal first quarter ended May 5 compared with a loss of $1.21 per share in the same quarter last year.
On a normalized basis, HBC says its loss per share for the quarter amounted to $1.22 compared with a normalized loss of $1.15 per share a year ago.
Analysts on average had expected a loss of 87 cents per share, according to Thomson Reuters Eikon.
Revenue totalled nearly $3.09 billion, up from nearly $3.06 billion a year ago.
On Monday, HBC signed a deal to sell Gilt, an online retail business, to rival Rue La La.
Bagikan Berita Ini
Related Posts :
India, Japan start work on high-speed train during Abe visit- Canadian retailer Roots files for IPO
- Grocery retailer Empire working to mitigate proposed minimum wage increases
- Greece begins arbitration with Canadian gold mining company
- Sears defined pension plan 'slap' a reminder that savings should be diversified
0 Response to "HBC to close up to 10 Lord and Taylor stores through 2019"
Post a Comment