NEW YORK (TheStreet) -- Sears Holdings Corp. (SHLD) stock is decreasing by 4.48% to $15.98 in late morning trading on Tuesday, after the company posted lower than expected revenue for the fiscal 2015 fourth quarter.
The Hoffman Estates, IL-based retailer expects revenue to decline by 10% year-over-year to $7.3 billion, while Wall Street was anticipating revenue of $7.43 billion for the quarter ended January 30.
"I don't know what to say about Sears," TheStreet's Jim Cramer said on CNBC's Squawk on the Street this morning, explaining that the parent company of Sears and Kmart just doesn't "have enough customers."
Sears total comparable store sales dropped by 7.1% for the quarter, with Sears domestic and Kmart comparable stores sales declining by 6.9% and 7.2%, respectively.
"The holiday selling season proved to be challenging, with historically warm weather and intense competition pressuring margins and driving comparable store sales declines, particularly in our apparel and related softlines businesses," the company said in a statement.
Sears will report its complete 2015 fourth quarter and full year financial results on February 25 before the market opens.
Additionally, Sears was nominated for the "Worst Stock in the World" survey, which being conducted by TheStreet's Carleton English.
Separately, Sears has a "sell" rating and a letter grade of D at TheStreet Ratings because of the company's poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SHLD