Sears Canada Inc. (SCC.TO: Quote) reported that its second-quarter net loss was C$9.8 million or C$0.10 per share compared to a net loss of C$0.2 million or break even per share in the year ago quarter.
Adjusted EBITDA for the quarter was C$17.8 million versus C$30.0 million in the same period last year.
Total revenues for the quarter were C$1.050 billion compared to C$1.148 billion for the 13 weeks ended July 30, 2011, a decrease of 8.5%. Same store sales decreased 7.1% over the same periods.
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by RTT Staff Writer
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