Sears Holdings (SHLD) Sales Fall, Guides Lower
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Price: $67.57 +4.97%
Financial Fact:
Total costs and expenses: 5.65B
Today's EPS Names:
CIX, FRPH, WMK, More
Financial Fact:
Total costs and expenses: 5.65B
Today's EPS Names:
CIX, FRPH, WMK, More
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Sears Holdings Corporation (Nasdaq: SHLD) comparable store sales declined by 2.8% during the nine-week period, while Kmart's comparable store sales declined by 4.2%. Total domestic comparable stores sales declined 3.5% for the nine-week period.
As a result of the lower sales and gross margin rates, Sears currently expect that net income for the fourth quarter ending February 2, 2008 will be between $350 million and $470 million, or between $2.59 and $3.48 per fully diluted share. The Wall Street consensus is $4.43.
For the full year ending February 2, 2008, the Company expects net income to be between $744 million and $864 million, or between $5.13 and $5.96 per fully diluted share. The Wall Street consensus is $6.64.
As a result of the lower sales and gross margin rates, Sears currently expect that net income for the fourth quarter ending February 2, 2008 will be between $350 million and $470 million, or between $2.59 and $3.48 per fully diluted share. The Wall Street consensus is $4.43.
For the full year ending February 2, 2008, the Company expects net income to be between $744 million and $864 million, or between $5.13 and $5.96 per fully diluted share. The Wall Street consensus is $6.64.
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