Hudson Group reported turnover of $450 million in the fourth quarter of 2017, an 8.5 percent increase over the same period the previous year. The earnings report was the first since Hudson Group went public in February. Full-year turnover grew 6.8 percent to $1.8 billion.
Hudson’s organic sales growth measured 8.8 percent, and its like-for like sales showed 4.8 percent growth, the company reported. During 2017, Hudson Group won, extended or expanded 13 concessions contracts.
“Our strong performance in 2017, highlighted by increased like-for-like and organic sales growth, underscores our ability to drive value and productivity from our existing portfolio of stores, while simultaneously executing new business opportunities,” says Joe DiDomizio, president and CEO of Hudson Group. “During the year, we expanded our breadth and scale by winning RFP processes in five new locations, extending or expanding operations in eight existing airports and increasing our overall footprint. As a newly public company, I am energized by the prospect for continued growth and believe we are well-positioned to drive long-term shareholder value through our core purpose of being the Traveler’s Best Friend.”
