Sears’ profit drops
May 20, 2010,
Hoffman Estates, Ill. – Gross margin pressure cut Sears Holdings’ earnings per share by 38% to 14 cents per share during the first quarter.
Sales were essentially flat at $10 billion. Kmart comps were up 1.7%, and Sears U.S. comps rose 1.2%.
Adjusted EBITDA (earnings before interest depreciation, taxes and amortization) was up 89% at Kmart, down 35% at Sears U.S. and up 4% at Sears Canada.
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...