trending Market Intelligence /marketintelligence/en/news-insights/trending/HNm1fNmyJk77Qlt0KZrvZQ2 content esgSubNav
In This List

Hudson's Bay fiscal Q3 loss narrows YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Hudson's Bay fiscal Q3 loss narrows YOY

Hudson's Bay Co. said its normalized net income for the fiscal third quarter ended Oct. 31 came to a loss of 8 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 9 cents per share.

The per-share loss decreased 13.5% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$14.4 million, compared with a loss of C$16.3 million in the third quarter ended Nov. 1, 2014.

The normalized profit margin rose to negative 0.3% from negative 0.8% in the year-earlier period.

Total revenue grew 34.1% year over year to C$2.57 billion from C$1.91 billion, and total operating expenses grew 32.0% year over year to C$2.50 billion from C$1.89 billion.

Reported net income came to a loss of C$13.0 million, or a loss of 7 cents per share, compared to a loss of C$12.7 million, or a loss of 7 cents per share, in the third quarter ended Nov. 1, 2014.