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Sears Canada Posts Narrower Q3 Loss

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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.

Posted-In: lossEarnings News


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