Hudson's Bay profit triples on strong sales at Saks

Tue Apr 7, 2015 7:19am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

April 7 (Reuters) - Department store operator Hudson's Bay Co reported a sharply higher fourth-quarter profit, helped by higher same-store sales at its Saks chain and strong digital sales.

Net profit from continuing operations rose to C$111 million ($88.9 million), or 61 Canadian cents per share, in the quarter ended Jan. 31 from C$37 million, or 21 Canadian cents per share, a year earlier.

Sales rose 9.3 percent to C$2.63 billion.

($1 = C$1.2474) (Reporting by Solarina Ho in Toronto and Anannya Pramanick in Bengaluru; Editing by Sriraj Kalluvila)