HSN, Inc. (HSNI) Tops Q1 EPS by 5c

HSN, Inc. (NASDAQ: HSNI) reported Q1 EPS of $0.63, $0.05 better than the analyst estimate of $0.58. Revenue for the quarter came in at $841.9 million versus the consensus estimate of $826.08 million.

"Our performance in the quarter reinforces the experiential power of our content and our ability to create engagement across our platforms," stated Mindy Grossman, CEO of HSN, Inc. "HSNi had net sales growth of 8% and Adjusted EBITDA growth of 22%. These results demonstrate the continued execution of our strategy to drive commerce by creating personal connections with our customers and offering unique and compelling products. Once again, accelerated performance in digital was a key factor in our strong growth momentum with digital up 12%, representing half of our total business. Mobile sales grew 31% for the quarter, with penetration at 18% of total sales."

For earnings history and earnings-related data on HSN, Inc. (HSNI) click here.

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