Sears Hometown And Outlet Stores, Inc. Reports Third Quarter 2018 Results
SEARS HOMETOWN & OUTLET (SHOS)
US:NASDAQ Investor Relations:
searshometownstores.com
Company Research
Source: PR Newswire
HOFFMAN ESTATES, Ill., Dec. 7, 2018 /PRNewswire/ -- Sears Hometown and Outlet Stores, Inc. ("SHO," "our," "we," or the "Company") (NASDAQ: SHOS) today reported results for the quarter ended November 3, 2018.Overview of Unaudited ResultsResults for the third quarter of fiscal 2018 compared to the third quarter of fiscal 2017 included:Net loss decreased $6.4 million to $4.5 million from $10.9 million Loss per share decreased $0.28 to $0.20 loss per share from $0.48 loss per share Comparable store sales decreased 0.2% Adjusted EBITDA increased $3.6 million to $7.4 million from $3.8 millionWill Powell, Chief Executive Officer and President, said, "The $7.4 million in adjusted EBITDA we posted for the third quarter represented our best third quarter adjusted EBITDA results since our separation from Sears Holdings Corporation ("Sears Holdings") in 2012. The quarter was also our third consecutive quarter, and our fifth in the last six quarters, with positive and improved adjusted EBITDA com
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