SHLD Kmart Comps Up 1%, Sears Dow 11.9%; Guides
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Price: $64.11 -2.09%
Financial Fact:
Operating income (loss): -624M
Today's EPS Names:
PMCB, PLCE, DOMO, More
Financial Fact:
Operating income (loss): -624M
Today's EPS Names:
PMCB, PLCE, DOMO, More
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Sears Holdings Corporation (Nasdaq: SHLD) said Kmart comparable store sales increased by 1.0% as higher apparel sales were partially offset by a decline in home goods. Sears domestic comparable store sales declined by 11.9% reflecting a reduction in certain promotional events intended to improve gross margin and poor apparel sales due to weaker than anticipated customer response to fashion offerings.
The company currently expects that net income for its fourth quarter ending January 28, 2006 will be between $570 million and $635 million, or between $3.55 and $3.95 per fully diluted share, which may not be comparable to the consensus of $3.69.
The company currently expects that net income for its fourth quarter ending January 28, 2006 will be between $570 million and $635 million, or between $3.55 and $3.95 per fully diluted share, which may not be comparable to the consensus of $3.69.
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