Comps weak at Sears Hometown and Outlet Stores

|About: Sears Hometown and Outlet... (SHOS)|By:, SA News Editor

Sears Hometown and Outlet Stores (SHOS -9.1%) trades lower after missing estimates with its Q1 report.

Comparable-store sales were down 6.2% during the period.

Gross margin rate -130 bps to 24.4% due to increased promotional activity.