Sears Holdings (SHLD) Posts Q3 GAAP Loss of $5.03/Share; Domestic Comps Down 3.1%

Sears Holding Corp. (Nasdaq: SHLD) reported Q3 EPS of ($5.03), $1.90 worse than the analyst estimate of ($3.13). Revenue for the quarter came in at $8.27 billion versus the consensus estimate of $8.39 billion.

Adjusted EBITDA was $(286) million for the third quarter of 2013, which was within the range of our previous guidance from October 29, compared to $(172) million in the prior year quarter.

For the quarter, domestic comparable store sales declined 3.1%, comprised of decreases of 2.1% at Kmart and 4.0% at Sears Domestic. The decline at Kmart reflects decreases in our transactional categories, such as grocery & household and drugstore, as well as declines in consumer electronics and toys. These decreases were partially offset by increases in the apparel and seasonal & outdoor living categories. The decline at Sears Domestic reflects decreases in most categories including the consumer electronics, lawn & garden, tools, home appliances and apparel categories, as well as declines at Sears Auto Centers, partially offset by an increase in the home category.

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

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