Sears Projects Better Adjusted Bottom Line, Sales Declines
5 days ago - By WWD
Sears Holdings Corp. expects to post better adjusted financial results for the fourth quarter.
The embattled retailer provided an update in a regulatory filing Thursday with the Securities and Exchange Commission. The filing came in connection with a private exchange offer for certain bonds, a move the company said was being contemplated last month.
For the quarter ended Feb. 2, Sears said its adjusted results would range from earnings before interest, taxes, deprecation and amortization of up to $10 million to a loss of $10 million on the same basis. That compares with losses of $61...
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