Sears Holdings Earnings Cheat Sheet: From the Black to the Red

S&P 500 (NYSE:SPY) component Sears Holdings Corporation (NASDAQ:SHLD) reported its results for the first quarter. Sears Holdings Corporation is a retail conglomerate with full-line and specialty retail stores in the United States and Canada. It is the holding company of Kmart Holding Corporation and Sears, Roebuck and Co. Its three reportable segments are Kmart, Sears Domestic and Sears Canada.

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Sears Holdings Earnings Cheat Sheet for the First Quarter

Results: Swung to a loss of $170 million ($1.39/diluted share) in the quarter. Sears Holdings Corporation had a net income of $16 million or 14 cents per share in the year earlier quarter.

Revenue: Fell 3.4% to $9.7 billion YoY.

Actual vs. Wall St. Expectations: SHLD fell short of the mean analyst estimate of a loss of $1.22/share. Estimates ranged from a loss of 87 cents per share to a loss of $1.52 per share.

Quoting Management: “Our first quarter was adversely impacted by unfavorable weather, economic pressures facing our customers, and comparisons to last year’s government-sponsored stimulus program relating to the purchase of appliances. However, we also fell short on executing with excellence. We cannot control the weather or economy or government spending. But we can control how we execute and leverage the potent set of assets we have,” said Lou D’Ambrosio, Sears Holdings’ Chief Executive Officer and President.

Key Stats: Revenue has fallen in the past four quarters. Revenue declined 0.8% to $13.14 billion in fourth quarter of the last fiscal year. The figure fell 5% in third quarter of the last fiscal year from the year earlier and dropped 0.9% in second quarter of the last fiscal year from the year-ago quarter.

Competitors to Watch: J.C. Penney Company, Inc. (NYSE:JCP), Kohl’s Corporation (NYSE:KSS), Macy’s, Inc. (NYSE:M), Dillard’s, Inc. (NYSE:DDS), Best Buy (NYSE:BBY), Bed Bath & Beyond (NASDAQ:BBBY), Ross Stores (NASDAQ:ROST), The TJX Companies (NYSE:TJX), Wal-Mart Stores, Inc. (NYSE:WMT), Saks Incorporated (NYSE:SKS), The Bon-Ton Stores, Inc. (NASDAQ:BONT), Target Corporation (NYSE:TGT), Overstock.com, Inc. (NASDAQ:OSTK), and Nordstrom, Inc. (NYSE:JWN).

Stock Performance: Shares of SHLD are unchanged from the previous close of $75.85.

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