Fri, Jun. 3, 7:13 AM
- Sears Hometown and Outlet (NASDAQ:SHOS) reports comparable-store sales fell 2.8% in Q1.
- Comp for Hometown decreased 2.6% driven by a decline in home appliances and a decline in lawn and garden due to unfavorable weather conditions in key trade areas.
- Outlet comp declined 3.1% primarily driven by lower sales of home appliances due to continued competitive pricing pressure on new, in-box products, which made out-of-box product price comparisons less compelling.
- Segment sales: Hometown:$366.58M (-10.7%); Outlet sales: $170.4M (-1%).
- Gross margin rate squeezed 250 bps to 21.6%.
- SG&A expense rate improved 130 bps to 22%.
- Inventory -1.9% to $430.4M.
- Store count -8.3 Y/Y to 1,145: Hometown: 986 (-105 Y/Y); Outlet: 159 (+2 Y/Y).
Fri, Feb. 12, 10:17 AM
Sep. 4, 2015, 12:45 PM
Sep. 4, 2015, 7:02 AM
- Sears Hometown and Outlet (NASDAQ:SHOS) reports comparable-store sales decreased 1.4% in Q2.
- Adjusted comp declined 2.6% for the quarter.
- Comp for Hometown dropped 1.1% (-2.5% adjusted) and for Outlet slipped 2.2% (-2.7% adjusted).
- Hometown sales -4.06% to $460.75M; Outlet sales +0.27% to $158.86M.
- Gross margin rate fell 20 bps to 22.8%.
- Adjusted gross margin improved 70 bps to 22.4%.
- SG&A expense rate +20 bps to 22%.
- Inventory -8.14% to $431.38M.
- Store count -36 Y/Y to 1,215.
Jun. 29, 2015, 12:45 PM
Jun. 5, 2015, 2:12 PM
- Sears Holdings (SHLD -4.7%) is lower while former unit Sears Hometown and Outlet Stores (SHOS +22.9%) rallies strongly after earnings.
- Sears Hometown noted it paid lower commissions for online transactions to Sears Holdings in Q1, although retail analysts think there's more to the wide divergence in shares today.
- Previously: Sears Hometown and Outlet reports Q1 results (June 5)
- Previously: More on Sears Hometown and Outlet Stores' Q1 (June 5)
Jun. 2, 2015, 1:17 PM
- Retail chain stocks are putting in some strong gains despite a soft read earlier in the day from Redbook on sales.
- PVH issued a strong report last night which helped push the sector in the right direction, but there also appears to be some speculative buying on some names in the sector after Macy's was reported to be under pressure to explore REIT options.
- Previously: Macy's hearing from hedge funds on real estate assets
- Gainers: Guess (NYSE:GES) +5.1%, Tilly's (NYSE:TLYS) +4.4%, Abercrombie & Fitch (NYSE:ANF) +5.7%, Kohl's (NYSE:KSS) +1.6%, J.C. Penney (NYSE:JCP) +2.9%, Bon-Ton Stores (NASDAQ:BONT) +4.6%, Stein Mart (NASDAQ:SMRT) +2.7%, Sears Hometown and Outlet Stores (NASDAQ:SHOS) +2.4%, Conn's (NASDAQ:CONN) +5.8%, Best Buy (NYSE:BBY) +1.7%, hhgregg (NYSE:HGG) +2.8%.
Apr. 22, 2015, 10:04 AM
- Shares of Sears Hometown and Outlet Stores (NASDAQ:SHOS) slump after the company announces CEO W. Bruce Johnson will leave on August 1.
- The company has launched a search for a new CEO.
- SHOS is -3.0% on the day and set a 52-week low of $6.82 earlier.
Mar. 13, 2015, 12:45 PM
Feb. 24, 2015, 2:53 PM
- A strong report from Home Depot has stirred things for stocks tied to the building supplies sector. The company showed stronger demand for home improvement projects and for its professional services business.
- Advancers: Builders FirstSource (NASDAQ:BLDR) +1.4%, Ply Gem Holdings (NYSE:PGEM) +3.2%, Sears Hometown and Outlet Stores (NASDAQ:SHOS) +1.4%, BlueLinx Holdings (NYSE:BXC) +1.0%, HD Supply Holdings (NASDAQ:HDS) 2.1%.
- Previously: Home Depot and Lowe's higher after strong read on HD traffic
Jun. 6, 2014, 12:47 PM
Jun. 6, 2014, 10:40 AM
Aug. 30, 2013, 12:45 PM
Jun. 7, 2013, 2:52 PM
Sears Hometown and Outlet Stores (SHOS -4.8%) slides after reporting Q1 results. From the report: Net sales, operating income, net income, and adjusted EBITDA fall 3.2%, 28%, 27%, and 26% respectively. Comps decline 5% as lawn and garden suffers from unseasonably cold weather (lawn and garden comps fell 45% Y/Y during the first two months of the quarter). Gross margin is largely unchanged at 25.7% and SG&A jumps 21.2% on higher operating costs after the spin-off from Sears Holdings. (PR)| Jun. 7, 2013, 2:52 PM
Mar. 12, 2013, 12:50 PM