Sears Hometown and Outlet Stores, Inc. Reports First Quarter 2019 Results
SEARS HOMETOWN & OUTLET (SHOS)
US:NASDAQ Investor Relations:
searshometownstores.com
Company Research
Source: PR Newswire
HOFFMAN ESTATES, Ill., June 21, 2019 /PRNewswire/ -- Sears Hometown and Outlet Stores, Inc. ("SHO," "our," "we," "us," or the "Company") (NASDAQ: SHOS) today reported results for the quarter ended May 4, 2019.Overview of Unaudited ResultsResults for the first fiscal quarter of 2019 compared to the first fiscal quarter of 2018 included:Net loss increased $2.7 million to $12.1 million from $9.4 million Loss per share increased $0.12 to $0.53 loss per share from $0.41 loss per share Comparable store sales decreased 8.9% Adjusted EBITDA increased $1.3 million to $4.2 million from $2.9 millionWill Powell, Chief Executive Officer and President, said, "For the first quarter, our adjusted EBITDA increased by $1.3 million from the same quarter last year. We achieved these adjusted EBITDA results despite the significant time and other resources that we devoted during the quarter to a potential transaction with Transform Holdco LLC as well as advisory fees of $0.6 million related to the Sears H
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