Sears (SHLD) Jumps as Q410, FY10 EPS Expected to Blow-Out Street
Tweet
Share
E-mail
Get Alerts SHLD Hot Sheet
Join SI Premium – FREE
Sears Holdings Corporation (Nasdaq: SHLD) shares are making a move upward this morning following the issuance of Q410 and FY11 EPS guidance today. Shares are up about 9.7% this morning.
Sears said that they expect Q410 EPS of $3.39 - $4.12 and FY10 EPS of $1.16 - $1.88. Overall, the Street was looking for an EPS of $3.09 and $0.91, respectively.
Sears also reported comparable store sales data. In December Kmart comps were up 2.3%, up 3.4% on the quarter-to-date (QTD) and up 0.8% year-to-date (YTD). Sears Domestic, showed comps were down 6% in December, down 5.3% QTD, and down 3.8% YTD. Total comps were down 1.7% in December, 1.1% QTD and 1.6% YTD.
Kmart's quarter-to-date comparable store sales continued to benefit from our layaway program as well as from increases in the toys, home, sporting goods, apparel and footwear categories.
Sears expects to release financial results for its fiscal 2010 fourth quarter and full year on or about February 24, 2011, before the market opens.
Sears said that they expect Q410 EPS of $3.39 - $4.12 and FY10 EPS of $1.16 - $1.88. Overall, the Street was looking for an EPS of $3.09 and $0.91, respectively.
Sears also reported comparable store sales data. In December Kmart comps were up 2.3%, up 3.4% on the quarter-to-date (QTD) and up 0.8% year-to-date (YTD). Sears Domestic, showed comps were down 6% in December, down 5.3% QTD, and down 3.8% YTD. Total comps were down 1.7% in December, 1.1% QTD and 1.6% YTD.
Kmart's quarter-to-date comparable store sales continued to benefit from our layaway program as well as from increases in the toys, home, sporting goods, apparel and footwear categories.
Sears expects to release financial results for its fiscal 2010 fourth quarter and full year on or about February 24, 2011, before the market opens.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- EVI Industries acquires Sudsies, launches garment care division
- Hyperscale Data ends Bitcoin mining to prep Michigan AI data center
- Scotiabank Starts SoFi Technologies (SOFI) at Sector Outperform
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
