Skip to main content



) --

Sears Holdings

said Thursday its loss in the third quarter widened from a year earlier to $218 million, or $1.98 a share, on lower sales of apparel and appliances at its namesake chain.

Sears reported a year-earlier loss of $127 million, or $1.09 a share.

Analysts expected Sears to post a third-quarter loss of $1.08 a share.

Revenue declined 5% to $9.68 billion; analysts were expecting $9.89 billion.

Scroll to Continue

TheStreet Recommends

Sears said Kmart's adjusted earnings before interest, taxes, depreciation and amortization rose by $24 million in the quarter and its gross margin rate increased 90 basis points from last year.

Sears said comparable-store sales in the quarter fell 4.8%.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here:

Joseph Woelfel

>To submit a news tip, send an email to: