Sears Hometown (SHOS) Reports Q3 Loss of $4.11/Share; Comps Fell 6%
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Sears Hometown and Outlet Stores, Inc. Reports Third Quarter 2016 Results
December 1, 2016 5:00 AM ESTHOFFMAN ESTATES, Ill., Dec. 1, 2016 /PRNewswire/ --Â Sears Hometown and Outlet Stores, Inc. ("SHO," "we," or the "Company") (NASDAQ: SHOS) today reported results for its fiscal quarter ended October 29, 2016.
Overview of Preliminary, Unaudited Results
Results for the third fiscal quarter of 2016 compared to the third fiscal quarter of 2015 included:
Net loss increased $87.7 million to $(93.2) million from $(5.5) million, as the Company recorded a $75.6 million non-cash valuation allowance on its deferred tax assets Earnings per share decreased $3.87 to $(4.11) loss per share from $(0.24) loss per share, of which $(3.34) was associated... More