Sears Holdings (SHLD) Expects to Report Operating Profit for Q112; Comps Off 1.3%

May 1, 2012 6:19 AM EDT
Sears Holdings Corporation (Nasdaq: SHLD) said it sees first-quarter 2012 operating EPS of $1.46 - $1.84, versus the consensus calling for a loss of $1.69 per share.

Sears noted: "The...range includes approximately $235 million, after tax and minority interest, of gains from the sale of certain U.S. and Canadian stores. These transactions generated $440 million of cash proceeds."

Notably first-quarter comps fell 1.3 percent.

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