Sears Holdings Reports First Quarter 2015 Results
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Sears Holdings (SHLD) Misses Q1 EPS by 26c; Domestic Comps Fell 10.9%
June 8, 2015 6:08 AM EDTSears Holdings (NASDAQ: SHLD) reported Q1 EPS of ($2.85), $0.26 worse than the analyst estimate of ($2.59). Revenue for the quarter came in at $5.9 billion versus the consensus estimate of $6.08 billion.
For the quarter, domestic comparable store sales declined 10.9%, comprised of a decrease of 7.0% at Kmart and a decrease of 14.5% at Sears Domestic, which contributed to $558 million of the decline.
Edward S. Lampert, Sears Holdings' Chairman and Chief Executive Officer, said, "During the first quarter, we made significant progress in our transformation from a traditional, store-network based retail business model to a more asset-light, member-centric... More
