Sears Hometown (SHOS) Reports Q4 Loss of $1.00/Share

Sears Hometown (NASDAQ: SHOS) reported Q4 EPS of ($1.00), versus ($0.20) reported last year. Revenue for the quarter came in at $538.3 million, versus $562.3 million reported last year.

Comparable store sales decreased 0.5%.

Financial Position

We had $18.2 million in cash and cash equivalents as of January 30, 2016 and $19.7 million as of January 31, 2015. Availability as of January 30, 2016 under our Credit Agreement, dated as of October 11, 2012, among the Company, its subsidiaries, Bank of America, N.A., and other lenders (the "Senior ABL Facility") was $176.0 million with $68.3 million drawn and $5.7 million of letters of credit outstanding. In 2015 we funded ongoing operations with cash on hand and cash generated by operating activities. Our primary liquidity needs are for funding inventory purchases, capital expenditures, and general corporate purposes.

Total merchandise inventories were $434.8 million at January 30, 2016 and $442.7 million at January 31, 2015. Merchandise inventories decreased $7.9 million due to a $13.1 million decrease in Hometown partially offset by a $5.2 million increase in Outlet. The decrease in Hometown was primarily due to store closures. The increase in Outlet was primarily due to improved "as-is" inventory sourcing and strategic opportunity buys.

For earnings history and earnings-related data on Sears Hometown (SHOS) click here.

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