09:48 AM EST - Hudson's Bay Company : reported today its results for the 13-week period ended May 3, 2014. Retail sales were $1,855 million, an increase of $971 million from $884 million for the prior year. This increase was primarily attributable to the inclusion of Saks. On a local currency basis, consolidated same store sales increased by 2.8%. Gross profit was $716 million, an increase of $360 million from $356 million for the prior year. Normalized EBITDA was $97 million, an increase of $68 million from $29 million for the prior year. Normalized EBITDA as a percentage of retail sales was 5.2%, compared to 3.3% for the prior year, an increase of 190 basis points. Hudson's Bay Company
shares T.HBC are trading down $0.03 at $17.24.
