Sears Hometown and Outlet Stores, Inc. Reports Second Quarter 2019 Results
SEARS HOMETOWN & OUTLET (SHOS)
US:NASDAQ Investor Relations:
searshometownstores.com
Company Research
Source: PR Newswire
HOFFMAN ESTATES, Ill., Sept. 19, 2019 /PRNewswire/ -- Sears Hometown and Outlet Stores, Inc. ("SHO," "our," "we," or the "Company") (NASDAQ: SHOS) today reported results for the quarter ended August 3, 2019.Overview of Unaudited ResultsResults for the second quarter of fiscal 2019 compared to the second quarter of fiscal 2018 included:Net loss from continuing operations decreased $0.2 million to $18.0 million from $18.2 million Loss per share from continuing operations was unchanged at $0.80 Comparable store sales decreased 21.7% Adjusted EBITDA increased $1.7 million to $(1.9) million from $(3.7) millionWill Powell, Chief Executive Officer and President, said, "Our announcement on June 3, 2019 that we had entered into a definitive merger agreement with Transform Holdco LLC was the first of two major milestones for the Company.The second major milestone for the Company was the August 27, 2019 announcement that we had entered into a definitive agreement with Liberty Tax, Inc. to sel
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