Sears Canada Swings To Q1 Profit
Sears Canada Inc (OTC: SEARF) swung to a first-quarter profit.
Sears Canada posted its quarterly net income at C$93.1 million ($92.7 million), or 91 Canadian cents per share, versus a year-ago loss of C$47 million, or 45 Canadian cents per share.
Its revenue dropped 8% to C$915.1 million. Sales at stores open at least a year declined 6.3%.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.