Hudson Ltd., a travel retailer whose business includes duty-free shops and newsstands in airports and tourist locations, said it expects net sales for the first-quarter of 2020 to fall by low-to-mid teens percentage year-over-year. Shares fell more than 20% in Thursday trading. The company began to see traffic declines in the North American market in the second half of January, extending into February, and driving a 10% decrease in sales for that period. Even with the uncertainty of the coronavirus outbreak, Hudson Chief Executive Roger Fordyce said on the company's fourth-quarter earnings call that the travel retail industry has dealt with similar situations before. "Historically, the industry has been able to rebound stronger than ever from major impacts in the past, including events like 9/11, SARS, and the 2009 recession," he said, according to a FactSet transcript. "We're confident that the demand for travel will rebound once again from the impact of the virus." Hudson reported a net loss of $2.3 million, or 10 cents per share, after net income of $2.8 million, or a loss of 6 cents per share, for the same period last year. Adjusted EPS of 8 cents beat the FactSet consensus of 7 cents per share. Revenue of $475.8 million was up from $471.4 million the previous year and ahead of the $458.0 million FactSet consensus. UBS analysts acknowledge that travel retail has rebounded from similar experiences in the past. "Still given the uncertain outlook for air travel, we believe its lower valuation prices in its risk," analysts said. UBS rates Hudson stock neutral with a $5 price target, down from $12. Hudson stock has lost 72.3% of its value over the last year while the S&P 500 index has fallen 8.2% for the period.

Anyone researching Hudson Ltd. (NYSE:HUD) might want to consider the historical volatility of the share price. Modern...

The rapid spread of COVID-19 in certain European countries is one reason that the Trump administration has banned the entry of foreign nationals arriving from 26 European nations into the U.S. for 30 days.

Pomerantz LLP is investigating claims on behalf of investors of Hudson Ltd. ("Hudson" or the "Company") (NYSE: HUD). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

To the annoyance of some shareholders, Hudson (NYSE:HUD) shares are down a considerable 53% in the last month. Given...

Hudson (NYSE: HUD) ("Hudson" or the "Company"), a North American travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations, today announced the approval of a Shareholder Written Resolution that adopted an amendment to the bye-laws of the Company. The amendment modifies the bye-laws with regard to the size of the Company’s Board of Directors, providing that the Board of Directors of the Company shall consist of at least seven directors and not more than such maximum number of directors as the Board may from time to time determine. The new bye-laws have been furnished to the U.S. Securities and Exchange Commission ("SEC") on Form 6-K and may be accessed free of charge on the SEC’s website and on the Company’s website.

Hudson (NYSE: HUD) ("Hudson" or the "Company"), a North American travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations, today announced changes in its Board of Directors.

Those holding Hudson (NYSE:HUD) shares must be pleased that the share price has rebounded 45% in the last thirty days...

Hudson (NYSE: HUD), a North American travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations, today provided an update regarding its agreement to acquire a controlling stake in the assets of OHM Concession Group LLC ("OHM"), a food and beverage concessions operator in North America, as previously announced on October 31, 2019.

Unfortunately for some shareholders, the Hudson (NYSE:HUD) share price has dived 67% in the last thirty days. Given...

The latest analyst coverage could presage a bad day for Hudson Ltd. (NYSE:HUD), with the analysts making...

Hudson (NYSE: HUD), a North American travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations, announced today its results for the fourth quarter and full year ended December 31, 2019.

Hudson (NYSE: HUD) ("Hudson" or the "Company"), a North American travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations, today announced the Notice of a Proposed Shareholder Written Resolution which if passed by the Company’s shareholders will amend the Bye-laws of the Company with regard to the size of the Company’s Board of Directors.

Shareholders in Hudson Ltd. (NYSE:HUD) had a terrible week, as shares crashed 44% to US$3.50 in the week since its...

Hudson (NYSE: HUD) ("Hudson" or the "Company"), a North American travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations, today announced a potential change in its Board of Directors.

NEW YORK, NY / ACCESSWIRE / March 11, 2020 / Hudson Ltd. (NYSE:HUD) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 11, 2020 at 4:30 PM Eastern ...

Hudson (NYSE: HUD), a North American travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations, today announced several updates and actions related to the Coronavirus disease 2019 ("COVID-19") pandemic.

Hudson (NYSE: HUD) announced that its Form 20-F for the fiscal year ended December 31, 2019 has been filed with the Securities and Exchange Commission (the "SEC").

Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]