By  on December 10, 2019

Hudson’s Bay Co. reported a net loss of $226 million Canadian,  or U.S. $171 million  in  the third quarter ended Nov. 2 compared to a loss of $161 million, or U.S. $122 million, in the year-ago period.

Adjusted earnings before interest, taxes, depreciation and amortization declined $40 million (U.S. $30 million) year over year to $84 million ((U.S. $63.4 million) due to the sale of the interest in the European real estate joint venture and lower profitability in the North American retail businesses.

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