Sears January Sales Surpass Expectations
Sears, Roebuck
(S) - Get SentinelOne Inc. Class A Report
posted same-store January sales that climbed 2.6% above year-ago levels, surpassing expectations, helped by strong appliances, electronics and sporting goods sales.
Analysts on average, polled by
First Call/Thomson Financial
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, expected same-store sales for the five weeks ended Feb. 3 of 2.1%, compared with 1.7% in the same period last year.
The department store retailer, which is based in Hoffman Estates, Ill., also said total domestic sales rose 3.9% to $2.25 billion from $2.17 billion last year.
Shares of Sears recently slipped $1.55, or $3.99, to $37.30 in trading on the
New York Stock Exchange
.
