Sears Canada Posts Narrower Q3 Loss

Sears Canada Posts Narrower Q3 Loss

Sears Canada (OTC: SEARF) reported a narrower third-quarter loss.

Sears Canada posted a quarterly net loss of C$ 21.9 million, or 22 Canadian cents per share, versus a year-ago loss of C$ 44.1 million, or 42 Canadian cents per share.

Its revenue dropped 6.8% to C$ 1.04 billion, while sales at stores open at least a year declined 5.7%.

Sears Canada shares closed at $ 12.26 yesterday.

Tags: loss

Posted in: Earnings, News


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