Hudson Ltd. Reports Unaudited Consolidated Earnings Results for the Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Fourth Quarter and Year Ended December 31, 2017
For the fourth quarter ended December 31, 2017, the company expects to report turnover in the range of $445 million to $455 million, compared to $415.1 million a year ago. The company expects to report operating profit in the range of $5 million to $9 million compared to $5.1 million a year ago.
For the year ended December 31, 2017, the company expects to report turnover in the range of $1,795 million to $1,805 million, compared to $1,687.2 million a year ago. The increase in turnover was primarily the result of an increase in net sales attributable to increases in average sales per transaction, with the remainder attributable to an increase in the overall number of transactions. The company also expects to report operating profit in the range of $57 million to $61 million, compared to $43.2 million a year ago. The increase in operating profit was primarily the result of an increase in turnover and gross profit and a decrease in the amount of costs reported under other operational result and in lower depreciation and amortization charges. This growth was partially offset by an increase in selling, personnel and general expenses.