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Sears Hometown (SHOS) Swings to Q1 Loss; Comps Fell 2.8%
June 3, 2016 6:16 AM EDTSears Hometown (NASDAQ: SHOS) reported Q1 EPS of ($0.16), versus $0.06 reported last year. Revenue for the quarter came in at $536.98 million, versus $582.77 million reported last year.
Comparable store sales decreased 2.8%.
Financial Position
We had cash and cash equivalents of $22.7 million as of April 30, 2016, $27.4 million as of May 2, 2015, and $18.2 million as of January 30, 2016. Unused borrowing capacity as of April 30, 2016 under our Credit Agreement, dated as of October 11, 2012, among the Company, its subsidiaries, Bank of America, N.A., and other lenders (the "Senior ABL Facility") was $212.3 million with $32.0 million drawn and $5.7... More
