Sears Holdings (SHLD) Posts Smaller-than-Expected Q4 Loss on Lower Revenue

Sears Holdings (NASDAQ: SHLD) reported Q4 EPS of ($1.50), $0.39 better than the analyst estimate of ($1.89). Revenue for the quarter came in at $8.1 billion versus the consensus estimate of $8.3 billion and $10.6 billion last year.

In the fourth quarter of 2014, Kmart comparable store sales declined 2.0% and Sears Domestic declined 7.0%.

The company also they have made progress with the REIT formation announced in November and are proceeding towards its formation and separation, which is projected to occur in May or June of this year.

"We are pleased to report $125 million in Adjusted EBITDA in the fourth quarter, a significant improvement year over year," said Edward S. Lampert, Sears Holdings' Chairman and Chief Executive Officer. "While we clearly believe that we can improve upon these results, we are pleased with the positive trend that started in the third quarter, and we currently expect this level of improvement to carry forward into our full year 2015 results. We believe that the changes we are making to focus on our best stores, reward our best members and pursue our best categories will help us continue to transform Sears Holdings into a leading integrated membership-focused company."

Rob Schriesheim, Sears Holdings' Chief Financial Officer, said, "During 2014, we took a number of actions to enhance our financial flexibility, support our operations and meet our obligations. In total, the actions we have taken generated $2.3 billion in liquidity. We continue to take action to evolve and transition our capital structure toward a structure that is more flexible, long-term oriented and less dependent on inventory and receivables. We have proven that Sears Holdings is an asset-rich enterprise with multiple levers to generate continued financial flexibility, while creating shareholder value."

For earnings history and earnings-related data on Sears Holdings (SHLD) click here.

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