Tuesday, April 7, 2015

Hudson's Bay Company - HBC.t

Hudson's Bay Company - HBC.t is a leading North American retailer offering a wide selection of branded merchandise in Canada and the United States.

HBC operates three of the world’s most iconic retail banners: Saks Fifth Avenue and Lord & Taylor in the United States, and Hudson’s Bay in Canada. HBC also operates Home Outfitters, a kitchen, bed and bath superstore with locations across Canada, and four e-commerce sites: thebay.com, lordandtaylor.com, saks.com and saksoff5th.com.






On April 7, 2015 the company reported Numbers

Hudson's Bay Company ("HBC" or the "Company") (TSX:HBC) today announced its financial results for the fourth quarter and fiscal year ended January 31, 2015. Unless otherwise indicated, all amounts are expressed in Canadian dollars.

Fourth Quarter Year-Over-Year Highlights • Consolidated sales growth of 9.3% to over $2.6 billion, on a same store sales (local currency basis) increase of 3.2% ◦ Department Store Group ("DSG") same store sales increase of 2.3%
◦ Saks Fifth Avenue same store sales increase of 2.6%
◦ Saks Fifth Avenue OFF 5TH ("OFF 5TH") same store sales increase of 12.1%
• Digital sales of $304 million, an increase of 35.1%
• Normalized EBITDA of $318 million compared to $253 million ◦ Normalized EBITDA margin of 12.1% compared to 10.5%

Fiscal 2014 Highlights

HBC's financial results for the comparative 52 weeks ended February 1, 2014 include the results of Saks Incorporated ("Saks") for the fourth quarter only.
• Consolidated sales growth of 56.4% to approximately $8.2 billion, on a same store sales (local currency basis) increase of 2.7% ◦ DSG same store sales increase of 1.5%
◦ Saks Fifth Avenue same store sales increase of 2.1%
◦ OFF 5TH same store sales increase of 15.1%
• Digital sales of $900 million, including an increase of 66% at DSG
• Normalized EBITDA of $612 million compared to $405 million
◦ Normalized EBITDA margin of 7.5% compared to 7.8%

"We are pleased with our fourth quarter and full year operating and financial results," stated Richard Baker, HBC's Governor and Executive Chairman. "It was a strong conclusion to a successful year for our Company. Sales growth, further progress with the Saks integration and continued strength at HBC Digital has us well-positioned to deliver on our Fiscal 2015 strategic priorities and initiatives."
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