Hudson Reports First Quarter 2020 Results
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Hudson Ltd. (HUD) Tops Q1 EPS by 6c
June 17, 2020 4:08 PM EDTHudson Ltd. (NYSE: HUD) reported Q1 EPS of ($0.28), $0.06 better than the analyst estimate of ($0.34).
First Quarter 2020 Financial Statement Impacts Related to COVID-19
The effects of COVID-19 resulted in the following significant financial statement impacts during the first quarter:
Recorded $3.3 million of rent waivers for March as a result of rent payment waivers received from numerous landlords. As discussions continue with landlords, rent relief waivers are expected to increase significantly in the second quarter due to the timing of waivers that have been granted.Recorded $4.7 million of additional inventory allowance for... More