Sears Holdings To Spend Cash Hoard
Read the full article at: http://valueplays.blogspot.com/2007/05/sears-holdings-to-spend-its-cash-hoard.html
Submitted by TS on Sun, 2007-05-06 08:17.
(via valueplays.blogspot.com)
Sears Holdings announced Thursday it currently expects that net income for its first quarter ending May 5, 2007 will be between $200 million and $235 million, or between $1.30 and $1.53 per diluted share. In the first quarter of fiscal 2006, the Company reported net income of $180 million, or $1.14 per diluted share. At those numbers we will have 14% to 34% EPS growth. Excluding one time items from 2006 and 2007, the high end range of the estimates gives us 13.5% EPS growth in a challenging quarter.
What did the street focus on? Domestic comparable store sales (
