Sears Hometown (SHOS) Swings to Q2 Profit
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Sears Hometown and Outlet Stores, Inc. Reports Second Quarter 2016 Results
September 2, 2016 5:00 AM EDTHOFFMAN ESTATES, Ill., Sept. 2, 2016 /PRNewswire/ --Â Sears Hometown and Outlet Stores, Inc. ("SHO," "we," or the "Company") (NASDAQ: SHOS) today reported results for its fiscal quarter ended July 30, 2016.
Overview of Preliminary, Unaudited Results
Results for the second fiscal quarter of 2016 compared to the second fiscal quarter of 2015 included:
Net income increased $11.0 million to $10.6 million from a $0.4 million net loss Comparable store sales decreased 4.9% Adjusted EBITDA decreased $6.4 million to $(0.9) million from $5.5 million Gain on the sale of assets was $25.3 million Operating income increased... More