Market Overview

Sears Canada Swings To Q2 Profit


Sears Canada (OTC: SEARF) swung to a profit in the second quarter.

Sears Canada posted a quarterly net profit of C$152.8 million, or C$$1.50 per share, versus a year-ago net loss of C$9.8 million, or 10 Canadian cents per share.

Its revenue declined 10% to C$960.1 million, while sales at established stores slipped 2.5%.

Sears Canada shares closed at $8.88 yesterday.

Posted-In: lossEarnings News


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