SHLD Sears Hldg guides below consensus, ex $0.27 gains (188.32 -0.31)
Co sees Q1 EPS of $1.03-1.26 excluding $0.27 of gains, vs $1.46 consensus. Co announced domestic comparable store sales for the first twelve weeks of the thirteen-week fiscal 2007 first quarter which ends May 5, 2007 for its Kmart and Sears stores. Kmart comparable store sales decreased by 4.7%, primarily due to lower transaction volumes across most businesses. Sears domestic comparable store sales declined by 2.4%, primarily reflecting a reduction in home appliances sales, which the Company believes reflects a slower U.S. housing market and increased competition, partially offset by an improvement in children's apparel sales.
Know how to make God laugh?
Tell Her your plans ....
