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Sears Stays the Course

Stock quotes in this article: SHLD , WMT , TGT  

Updated from 7:49 a.m. EST

At Sears Holdings (SHLD Quote), it's the same old song: dismal sales and glowing profits.

The company, a tie-up of Sears and Kmart orchestrated by hedge fund manager Ed Lampert, reported Wednesday that its same-store sales declined over the holidays at both chains. At Sears, same-store sales, or sales at stores open at least a year, tumbled 5.6%, while Kmart same-store sales slid 1.2%.

Meanwhile, Sears Holdings expects to earn $750 million to $830 million, or $4.87 to $5.39 a share, for the fourth quarter ending Feb. 3, up from $648 million, or $4.03 a share, last year. ...

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