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.
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)…