BRIEF-Hudson's Bay posts Q1 loss per share $0.53

Thu Jun 9, 2016 6:06pm EDT
 
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June 9 (Reuters) - Hudson's Bay Co

* Hudson's Bay company reports first quarter 2016 financial results

* Confirms fiscal 2016 sales and earnings guidance

* Qtrly comparable sales up 4.4 pct

* Board of directors has approved a quarterly dividend of $0.05 per common share

* Qtrly retail sales $3,303 million versus $2,072 million

* Recently began a voluntary restructuring program in merchandising department of its european operations

* In North America, HBC has also outsourced it systems maintenance positions.

* Confirming sales, adjusted EBITDAR and EBITDA outlook for fiscal 2016   Continued...