Insight Report 3 minutes PremiumSears Holdings (SHLD) 4Q15 Results: Sales and Margins Hurt by Promotions, Weather; Management Committed to Profitability in 2016 Coresight Research February 25, 2016 Executive Summary Sears reported 4Q15 revenues of $7.3 billion, down 9.8% year over year and beating the consensus estimate by about $50 million. Adjusted EPS, excluding significant items, was $(1.70), ahead of the $(2.62) consensus estimate, compared to $(0.34) a year ago. Comps declined by 7.1%, based on a decline of 7.2% for Kmart and 6.9% for Sears Domestic. Although comps improved in 4Q versus the prior three quarters, the unseasonably warm weather and promotional environment brought higher markdowns and hurt margins. In 2016, management aims to accelerate the company’s transformation and improve gross margin in order to return to profitability and generate positive adjusted EBITDA. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week: US Retail FocusWeinswig’s Weekly: Tackling the Food-Waste Challenge with Technology2Q24 US Retail Inventory Insights: Stable Inventory Ratio Ahead of the Holiday SeasonRetail Shrink and Loss-Prevention Methods—Presentation
