=Sears Holdings Corp. (SHLD) reported earnings on Thur 31 May 2018 (b/o)

HOFFMAN ESTATES, Ill. (AP) _ Sears Holdings Corp. (SHLD) on Thursday reported a fiscal first-quarter loss of $424 million, after reporting a profit in the same period a year earlier.

The Hoffman Estates, Illinois-based company said it had a loss of $3.93 per share.

The department store operator posted revenue of $2.9 million in the period.

The company's shares closed at $3.21. A year ago, they were trading at $7.39.

Sears to close about 100 more stores. Of those, 72 will begin closing sales soon, the retailer said this morning.

This week's biggest % winners & losers : March 26 - 29, 18 (wk 13)

+ 3/30  Good Friday (markets closed) +

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: SHPG (149.79 +18.51%), NSTG (7.53 +14.44%), ALDR (12.73 +12.11%), DXCM (74.29 +11.31%)
• Industrials: USG (40.42 +20.73%), TITN (23.54 +19.37%)
• Consumer Discretionary: FINL (13.55 +36.87%), RH (95.28 +22.2%), HOME (32.04 +21.09%), FRED (3.02 +20.32%), MOV (38.4 +19.07%), SHLD (2.66 +15.43%), GIII (37.77 +14.42%)
• Information Technology: TVPT (16.34 +14.19%)
• Energy: RSPP (46.88 +21.61%)
• Consumer Staples: ENR (59.58 +14.36%), SPB (103.7 +11.84%), HRG (16.49 +11.8%)

This week's top 20 % losers

• Healthcare: NVTA (4.69 -35.58%), OMER (11.18 -29.02%), GERN (4.25 -19.2%), AKBA (9.54 -18.32%), ALNY (119.48 -16.15%), BLCM (6.62 -15.45%), PTCT (27.26 -14.83%)
• Materials: GSM (10.78 -25.76%)
• Industrials: RRTS (2.54 -25.29%)
• Consumer Discretionary: SUP (13.3 -14.19%)
• Information Technology: ACXM (22.68 -26.79%), NQ (1.66 -20.95%), SHOP (124.59 -14.34%)
• Energy: CIE (0.04 -37.59%), SDRL (0.2 -21.37%), EPE (1.34 -19.76%)
• Telecommunication Services: IDT (6.27 -28.56%)

Sears Holdings (SHLD) reported earnings on Thur 30 Nov 2017 (b/o)

• Nov, 28: #6,  vol. 1.4 M

** charts before earnings **

** charts after earnings **

Sears Holdings beats by $1.82, reports revs in-line; total comparable store sales -15.3% y/y 

• Reports Q3 (Oct) loss of $2.64 per share, $1.82 better than the single analyst estimate of ($4.46); revenues fell 27.2% year/year to $3.66 bln vs the $3.68 bln single analyst estimate.
  • Total comparable store sales declined 15.3%. Kmart comparable store sales decreased 13.0%, while Sears comparable store sales declined 17.0%.
  • Adjusted EBITDA improved $100 million to $(275) million in the third quarter of 2017, from $(375) million in the prior year third quarter. This marks the second consecutive quarter of at least $100 million improvement in Adjusted EBITDA as the restructuring actions taken in the first three quarters of 2017 have resulted in meaningful year-over-year improvement in the Company's performance.
• Looking ahead to Q4 they intend to
  • Continue to develop new ways to leverage the Shop Your Way platform in order to invest marketing dollars at the member level to optimize returns and improve comparable store sales trends and associated profitability.
  • Diversify revenue streams through third party partnerships in several of our businesses including Sears Home Services, Innovel, Kenmore and DieHard.
  • Further build on the momentum around our dedicated concept stores similar to the recently opened Sears Appliances and Mattress stores in Camp Hill, Pennsylvania and Honolulu, Hawaii.
  • Maintain extreme cost discipline focus in light of continued headwinds across the retail sector.
• Edward S. Lampert, Chairman and Chief Executive Officer of Holdings, said, "In the third quarter, we continued to narrow our losses and delivered another quarter of Adjusted EBITDA improvement of at least $100 million. With the challenging retail landscape continuing to pressure sales, the improvement in Adjusted EBITDA is reflective of the success of the strategic priorities we outlined earlier this year to streamline our operations, reduce inventory and minimize operating expenses, as well as our commitment to our goal of restoring positive Adjusted EBITDA in 2018. Our Shop Your Way membership program and Integrated Retail Strategy remain a key focus for us in order to meet the needs of our members and provide our members with the best experience possible throughout the holiday shopping season." 

=Sears (SHLD) to sell Kenmore appliances via Amazon (AMZN)

• Other appliance-seller stocks: LOW, HD
• Whirlpool (WHR), which makes appliances under the Whirlpool and Maytag brands, was also slammed, but the company also makes some appliances under the Kenmore brand.

Sears Holdings (SHLD) announced that it is selling Kenmore appliances via Amazon (AMZN), including Alexa-enabled smart appliances.

"This marks the broadest distribution of Kenmore, America's most trusted home appliance brand, outside of Sears branded stores and related online retail platforms," the company said in a statement.

Kenmore Smart connected room air conditioners integrated with Alexa are now available, with plans to expand the full product line onto Amazon. Kenmore, Sears Home Services and Innovel Solutions will provide delivery, installation, and other extended warranties.

The Sears-Amazon deal follows news late last month that athletic apparel giant Nike (NKE) would sell directly on Amazon's site.

=Sears Holdings (SHLD) reported earnings on Thur 25 May 2017 (b/o)

• Sears reported its first quarterly profit in nearly two years, helped by the retailer's $1.25 billion cost-cutting plan, amid doubts about its ability to continue as a going concern. 
• Sears sold its Craftsman tools brand to Stanley Black & Decker (SWK) in March.
• Once the largest U.S. retailer, Sears has been struggling to turn around its business for years amid intensifying competition from Wal-Mart Stores Inc (WMT) and Amazon.com Inc (AMZN).

Sears Holdings misses by $1.43, beats on revs; Sears Domestic comps -12.4% :

• Reports Q1 (Apr) loss of $2.15 per share, excluding non-recurring items, $1.43 worse than the two analyst estimate of ($0.72); revenues fell 20.3% year/year to $4.3 bln vs the $4.05 bln two analyst estimate.
• At Kmart, comparable store sales decreased 11.2% during the first quarter of 2017, primarily driven by declines in the grocery & household, pharmacy, apparel and home categories.
• Sears Domestic comparable store sales decreased 12.4% during the quarter, primarily driven by decreases in the home appliances, apparel and lawn & garden categories.
• Adjusted EBITDA was $(222) million in the first quarter of 2017, as compared to $(181) million in the prior year first quarter.
• "In April 2017, we provided an update to our restructuring program, including increasing our annualized cost savings target to $1.25 billion. On May 15, 2017, the Company entered into an agreement to annuitize $515 million of pension liability with MLIC, under which MLIC will pay future pension benefit payments to approximately 51,000 retirees. In addition, the Company recently reached an agreement to extend the maturity of $400 million of our $500 million 2016 Secured Loan Facility from July 2017 to January 2018, with the option to further extend the loan until July 2018."

=Sears (SHLD) has "substantial doubt" about its future

• Discloses in 10-K that its operating results indicate substantial doubt exists related to the Company's ability to continue as a going concern.

March 21 (Reuters) - Retailer Sears Holdings Corp, which has struggled with years of losses and declining sales, warned on Tuesday about its ability to continue as a going concern.

"Our historical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern," Sears said in the annual report for the fiscal year ended Jan. 28. 

Once the largest U.S. retailer, Sears has spun off some of its stores into a real estate investment trust, put some brands on sale and repeatedly raised debt from billionaire Chief Executive Edward Lampert's hedge fund to cope with the slump.

The company said last month it would cut costs by $1 billion and reduce debt and pension obligations by at least $1.5 billion this year.

Sears said on Tuesday actions taken during the year to boost liquidity, including the sale of the Craftsman tool brand to power tool maker Stanley Black & Decker Inc in a $900 million deal, could mitigate the going concern doubt and satisfy its capital needs for the current fiscal year.

However, the company said it could not predict with certainty the outcome of its actions to generate liquidity.

Sears, which had total borrowings of $4.16 billion as of Jan. 28, said it would continue to explore ways to unlock value across a range of assets.

=Sears Holdings (SHLD) reported earnings on Thur 9 March 17 (b/o)

Sears Holdings (SHLD) shares soared before the bell after the struggling retailer posted a narrower-than-expected-loss for the holiday period. Revenue also topped estimates, but sales fell 17% from a year ago. Sears’ debt obligations nearly doubled from the prior year, despite its efforts to raise cash by selling off assets, such as its Craftsman brand.

Sears Holdings (SHLD) reported earnings Thur 3 Dec 15 (before open)

** charts before earnings **

** charts after earnings **

Sears Holdings misses by $0.02, beats on revs (single estimate)  :

• Reports Q3 (Oct) loss of $2.86 per share, excluding non-recurring items, $0.02 worse than the single analyst estimate of ($2.84); revenues fell 20.2% year/year to $5.75 bln vs the $5.51 bln single analyst estimate, with a significant portion of the decline related to actions taken by the Company to streamline our operations and focus on our transformation into a member-centric retailer. The decrease in revenue included a decrease of $611 million associated with Sears Canada, which was de-consolidated in October 2014, and $358 million as a result of fewer Kmart and Sears Full-line stores.
• Comps declined 8.6% during the quarter, comprised of decreases of 7.5% and 9.6% at Kmart and Sears Domestic, respectively, which accounted for $417 million of the revenue decline.
  • At Kmart, comparable store sales increased in the home appliances and mattresses categories, but were offset by declines in apparel, consumer electronics, grocery & household and drugstore. Excluding the impact of the consumer electronics business, which is a business we continue to alter to meet our members' needs, Kmart comparable store sales would have decreased 6.4%.
  • Sears Domestic was also negatively impacted by the consumer electronics business. Excluding the impact of consumer electronics, Sears Domestic comparable store sales would have decreased 8.2%, primarily driven by decreases in apparel, lawn & garden, tools, footwear and Sears Auto Centers, which were partially offset by an increase in the mattresses category.
• Domestic Adjusted EBITDA of $(280) million, excluding Seritage Growth Properties and joint venture rent, in the third quarter of 2015 compared to $(296) million in the prior year third quarter, which is the fifth consecutive quarter of improved Adjusted EBITDA performance on a year-over-year basis.

Great trade: Sears Holdings (SHLD) +46% in one week

** weekly **