Sears Holdings (SHLD) Posts Smaller-Than-Expected Q2 Loss, Revenues Drop 23%

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Go back to Sears Holdings (SHLD) Posts Smaller-Than-Expected Q2 Loss, Revenues Drop 23%

Sears Holdings Reports Second Quarter 2017 Results And Provides An Update On Recent Liquidity And Strategic Actions

August 24, 2017 6:01 AM EDT

HOFFMAN ESTATES, Ill., Aug. 24, 2017 /PRNewswire/ -- Sears Holdings Corporation ("Holdings," "we," "us," "our," or the "Company") (NASDAQ: SHLD) today announced financial results for its second quarter ended July 29, 2017. As a supplement to this announcement, a presentation, pre-recorded conference and audio webcast are available at our website http://searsholdings.com/invest. Highlights include:

Net loss attributable to Sears Holdings' shareholders and Adjusted EBITDA improved $144 million and $124 million, respectively, in the second quarter of 2017 compared to the second quarter of 2016; and Substantial liquidity generated through several transactions executed during the... More