HSN Earnings: Everything You Must Know Now

HSN, Inc. (NASDAQ:HSNI) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

HSN, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 27.27% to $0.56 in the quarter versus EPS of $0.44 in the year-earlier quarter.

Revenue: Rose 3.39% to $772.65 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: HSN, Inc. reported adjusted EPS income of $0.56 per share. By that measure, the company beat the mean analyst estimate of $0.52. It missed the average revenue estimate of $773.03 million.

Quoting Management: “I’m pleased with HSNi’s first quarter performance and the progress we made in creating a powerful and differentiated retail experience. Across HSNi, we continue to reach and engage customers through content-rich, immersive experiences on multiple digital platforms. These efforts contributed to sales growth of 5% and digital sales growth of 10%,” said Mindy Grossman, CEO of HSN, Inc. “We also had EPS growth of 24% and returned value to shareholders through our share repurchase and cash dividend programs that included purchasing approximately 1.2 million shares during the quarter.”

Key Stats (on next page)…

More Articles About:   , , , , ,