Multi-channel retailer Sears Canada Inc. (SCC.TO), Wednesday reported net loss of C$31.2 million or C$0.31 compared to net earnings of C$93.1 million or C$0.91 per share during the same quarter last year, which included a pre-tax gain of C$164.3 million. Excluding the gain from lease terminations, the company's net loss was C$44.9 million for last year.
Adjusted loss at the EBITDA level for the three-month period was C$9.8 million, narrower from loss of C$22.7 million reported during the corresponding period last year.
Total revenue for the period was C$867.1 million compared with C$928 million last year. Same store sales decreased 2.6 percent, the company said in a statement.
The company also announced the appointment of its interim Chief Financial Officer , E.J. Bird to the posts of Executive Vice-President and CFO.
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