Sears Holdings Corp. (SHLD)reported that its third-quarter net loss attributable to shareholders widened to $498 million or $4.70 per share, from $421 million or $3.95 per share in the same quarter last year.
Adjusted loss per share from continuing operations for the third quarter narrowed to $1.99 from $2.55 in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report a loss of $2.18 per share. Analysts' estimates typically exclude special items.
Sears Domestic's comparable store sales declined 1.6% in the third quarter of 2012, Kmart's comparable store sales declined 4.8%, and Sears Canada's comparable store sales declined 5.7%.
Revenues for the quarter decreased to $8.86 billion from $9.41 billion in the prior year quarter. Two analysts had consensus revenue estimate of $8.59 billion for the quarter.
The decline in revenue was primarily due to the effect of having fewer Kmart and Sears Full-line stores in operation and lower domestic comparable store sales for the quarter. Sears Canada's comparable store sales also decreased and included an increase of $15 million due to changes in foreign currency exchange rates.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.