HSN, Inc. (HSNI) Tops Q1 EPS by 2c

HSN, Inc. (NASDAQ: HSNI) reported Q1 EPS of $0.54, $0.02 better than the analyst estimate of $0.52. Revenue for the quarter came in at $816.8 million versus the consensus estimate of $837.1 million.

“Our performance in the quarter reflected the impact of the volatile retail environment combined with the repositioning of our product portfolio,” stated Mindy Grossman, CEO of HSN, Inc. “We continue to invest strategically in digital, data analytics and content while aggressively managing overall expenses in the business. Restoring top-line growth remains our top priority as we make progress in reenergizing certain merchandising categories and brands that we believe will build momentum at HSNi as the year progresses.

“Digital-now representing over half our sales-remains a key area of strategic focus and we continue to pursue opportunities to optimize our distributed commerce platforms,” added Ms. Grossman. “We are confident that as we accelerate our differentiated product pipeline, expand our content and reach and leverage new partnerships and platforms, we will be well positioned for long-term sustainable growth.”

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

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