Tuesday became the latest department-store chain to say that August is going well.
The Hoffman Estates, Ill., retail giant said August same-store sales are tracking better than expected, thanks to a strong showing in its home appliance line.
On Aug. 7, Sears said that it expected flat same-store sales for the month.
In its release Tuesday, Sears attributed the performance to more competitive pricing, expansion in the number of appliances available for immediate delivery and a better shopping experience. It said the improvements reflect an appliance initiative begun in May.
After closing regular trading at $43.03, Sears' stock rose 72 cents, or 1.7%, to $43.75.
Analysts surveyed by Thomson First Call expect Sears to earn 81 cents a share on sales of $9.75 billion.
The outlook follows similar statements over the past two days from