trending Market Intelligence /marketintelligence/en/news-insights/trending/PJElHASgVFZfH271Y4rRxg2 content esgSubNav
In This List

Sears Hometown & Outlet Stores fiscal Q2 profit falls YOY

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Sears Hometown & Outlet Stores fiscal Q2 profit falls YOY

Sears Hometown & Outlet Stores Inc. said its normalized net income for the fiscal second quarter ended Aug. 2 amounted to 16 cents per share, a decline of 61.9% from 41 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.6 million, a decline of 62.6% from $9.5 million in the year-earlier period.

The normalized profit margin declined to 0.6% from 1.4% in the year-earlier period.

Total revenue fell on an annual basis to $638.7 million from $656.9 million, and total operating expenses decreased on an annual basis to $632.9 million from $641.5 million.

Reported net income decreased 63.2% from the prior-year period to $3.4 million, or 15 cents per share, from $9.2 million, or 40 cents per share.