Sears Holding Corp. (SHLD) Posts Q1 adj.-Loss of $2.24/Share; Domestic Comps Up 0.2%

Sears Holding Corp. (NASDAQ: SHLD) reported Q1 EPS of ($2.24), $0.47 worse than the analyst estimate of ($1.77). Revenue for the quarter came in at $7.88 billion versus the consensus estimate of $7.75 billion.

Adjusted EBITDA was $(221) million for the first quarter of 2014, compared to $(26) million in the prior year first quarter.

• Sears Domestic experienced comparable store sales growth of 0.2% as compared to a 2.4% decline last year, despite the continuing impact of consumer electronics industry trends. Excluding the impact of consumer electronics, comparable store sales growth would have been 0.8%;
• Kmart comparable stores sales were down 2.2% as compared to a 4.6% decline last year, also despite the continuing impact of consumer electronics industry trends, as well as the impact of our grocery & household goods business. Excluding the impact of both, comparable store sales would have declined 0.4%;

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

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