Sears Holdings Reports Second Quarter 2015 Results
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Sears Holdings (SHLD) Posts Narrower-than-Expected Q2 Loss
August 20, 2015 6:07 AM EDTSears Holdings (NASDAQ: SHLD) reported Q2 EPS of ($2.40), $0.10 better than the analyst estimate of ($2.50). Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $5.72 billion.
Kmart and Sears Domestic comparable store sales declined 7.3% and 14.0%, respectively, in the second quarter of 2015 driven in part by highly targeted promotional and marketing spend to better align with member needs, and a shift away from low margin categories, such as consumer electronics.
Financial Position
The Company's cash balances were $1.8 billion at August 1, 2015 compared with $250 million at January 31, 2015.
Domestic merchandise inventories at... More
