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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Earnings Insights 1Q23, Week 1: Albertsons, Crocs, Procter & Gamble, Skechers and More Post Positive Results; Amazon’s Online Sales ImproveRetail Around the World: International Women’s Day 2023Weinswig’s Weekly: The Checkout Process Continues To Evolve and Reduce FrictionGlobal Luxury—Retail 2024 Sector Outlook: Emerging Markets and Young Shoppers To Drive Growth
