Sears Hometown (SHOS) Swings to Q1 Loss; Comps Fell 2.8%
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Sears Hometown And Outlet Stores, Inc. Reports First Quarter 2016 Results
June 3, 2016 6:00 AM EDTHOFFMAN ESTATES, Ill., June 3, 2016 /PRNewswire/ --Â Sears Hometown and Outlet Stores, Inc. ("SHO," "we," or the "Company") (NASDAQ: SHOS) today reported results for its fiscal quarter ended April 30, 2016.
Overview of Preliminary, Unaudited Results
Results for the first fiscal quarter of 2016 compared to the first fiscal quarter of 2015 included:
Comparable store sales decreased 2.8% Adjusted EBITDA decreased $6.1 million to $1.3 million from $7.4 million Expenses for IT transformation investments were $3.2 million Operating loss increased $7.8 million to $(5.1) million from $2.8 million operating income Loss per share... More