The Bottom Line
Sears Holdings, the parent of Sears and Kmart stores, warned that its fourth-quarter earnings could fall by as much as 51 percent per share versus last year.
Sears Holdings, the parent of Sears and Kmart stores, warned that its fourth-quarter earnings could fall by as much as 51 percent per share versus last year. The new forecast, of $2.59 to $3.48 a share, compares with analysts’ estimates of $4.43. Sears same-store sales fell by 2.8 percent in the quarter, while Kmart’s fell by 4.2 percent. Sears said the shortfall means that it doesn’t have the cash to buy back shares as planned. Its quarter ends Feb. 2. (MarketWatch)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- 43 TV shows to watch in 2014
- Is it now OK to have sex with animals?
- After Ferguson: Stop deferring to the cops
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- In Ferguson, Michael Brown lost his life — and America's police lost the benefit of the doubt
- 7 grammar rules you really should pay attention to
- The hilarious hypocrisy of Republicans complaining about the imperial presidency
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
- The lessons of Japan's latest recession
- What would a U.S.-Russia war look like?
Subscribe to the Week