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Friday, June 04, 2010
Sears 1Q Profit Slides 39%, Hurt By Lower Margins
The Wall Street Journal
Sears Holdings Corp.'s (SHLD) fiscal first-quarter earnings dropped 39%, as sales were nearly flat and the retailer's domestic unit stepped up promotions of appliances and home electronics.
Sears' results are a bit of a contrast to other mass merchants and department stores that have been reporting revenue gains and expanded margins as they are able to pull back from significant discounting.
Brian Sozzi of Wall Street Strategies breaks down the results.
Link to full article: http://online.wsj.com/article/BT-CO-20100520-707464.html?mod=WSJ_earnings_MIDDLETopHeadlines
Posted by Brian Sozzi, Research Analyst
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