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Sears Hometown (SHOS) Reports Q2 EPS of $0.40; Approves $25M Buyback

August 30, 2013 6:46 AM EDT
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Price: $3.40 --0%

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Sears Hometown and Outlet Stores, Inc. (NASDAQ: SHOS) reported Q2 EPS of $0.40, versus $0.91 reported last year. Revenue for the quarter came in at $656.9 million, versus $644.46 million reported last year.

Comps up 1.4 percent.

The Company announced that its Board of Directors authorized a $25 million repurchase program for the Company's outstanding common stock. The timing and amount of repurchases will depend on various factors, including market conditions, the Company's capital position and internal cash generation, and other factors. The Company's repurchase program does not include specific price targets, may be executed through open-market, privately negotiated, and other transactions that may be available, and may include utilization of Rule 10b5-1 programs. The repurchase program does not obligate the Company to repurchase any dollar amount, or any number of shares, of common stock. The repurchase program does not have a termination date, and the Company may suspend or terminate the repurchase program at any time.

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


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