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Hudson's Bay Co Issues FY 2013 EBITDA Guidance Above Analysts' Estimates; Comments On FY 2013 Sales And Same Store Sales Guidance; Comments On H2 2013 Guidance


Thursday, 11 Apr 2013 07:00am EDT 

Hudson's Bay Co announced that for fiscal 2013, it expects total sales growth of 1.5% to 3.5% on same store sales growth of 3.0% to 5.0%, both on a constant currency basis, normalized EBITDA of $360 million to $390 million. Management expects sales and earnings to be stronger in the second half of 2013 as headwinds experienced in the fourth quarter of 2012, including the significant effects of Hurricane Sandy on the Northeastern United States and slowing consumer spending in both Canada and the United States, extend into the Spring season. This guidance is also based on the assumption that foreign exchange rates for Fiscal 2013 will be similar to those in Fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $4.06 billion, EBITDA of $319 million for fiscal 2013. 

Company Quote

16.7
0.0 +0.00%
11 Jul 2014