Hudson's Bay Delivers a Mixed Q2 Earnings Report [The Motley Fool]
Macy's Inc (M)
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Source: The Motley Fool
Hudson's Bay Delivers a Mixed Q2 Earnings Report Adam Levine-Weinberg ( TMFGemHunter Sep , 09 at :08PM Over the past year and a half, CEO Helena Foulkes has spearheaded an aggressive downsizing campaign at Hudson's Bay OTC:HBAYF That said, Hudson's Bay also faces stiff challenges in its core North American retail Macy's NYSE:M A change in the sales and earnings trend Comparable store sales decreased 0.% for Hudson's Bay's go-forward business in the second quarter. This compared to a 0.% increase in the first quarter of fiscal 09. Saks Fifth Avenue posted a meager 0.% comp sales increase last quarter, partly because it was facing an extremely difficult year-over-year comparison. The Saks Off th off-price business performed better, with comp sales up .%. However, these increases were more than offset by a .% comp sales decline for the company's namesake Hudson's Bay chain. A far more concerning development for investors was the sharp deterioration in Hudson's Bay's gross margin. Gross m
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website