Sears Holdings (SHLD) Posts Smaller-Than-Expected Q4 Loss But Sales Slide Sharply

Sears Holdings (NASDAQ: SHLD) reported Q4 EPS of ($1.28), ex-items, $1.57 better than the analyst estimate of ($2.85). Revenue for the quarter came in at $6.1 billion versus $7.3 billion in the same quarter last year and the consensus estimate of $5.89 billion.

Edward S. Lampert, Chairman and Chief Executive Officer of Sears Holdings, said, "We delivered significant Adjusted EBITDA improvement in the fourth quarter, reflecting our firm focus on profitability to offset ongoing revenue pressures. Building on this positive momentum, we are taking decisive actions to become a more agile and competitive retailer with a clear path toward profitability."

Jason M. Hollar, Holdings' Chief Financial Officer, said, "While the challenging holiday selling season pressured margins and comparable store sales, we were able to successfully improve profitability through disciplined inventory and costs management. We will continue to take actions to drive profitability, generate liquidity and adjust our overall capital structure while continuing to meet all of our financial obligations."

Separate from earnings, Sears completed the sale of its Craftsman brand to Stanley Black & Decker (NYSE: SWK) for approximately $900 million in cash. It also said it is pursuing options for its Kenmore, Die Hard brands.

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

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