Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sears Canada Reports Q1 Earnings
Apr 27, 2006
 Printable format
 Email this Article
 Search

Sears Canada Inc. said total revenues for the 13 week period ended April 1, 2006, were $1.222 billion CAD (approx. U.S. $1.08 billion) compared to $1.321 billion CAD (approx. $1.2 billion) for the 13 weeks ended April 2, 2005, a decrease of 7.5 percent. Same store sales decreased 2.6 percent.

Total revenues decreased during the first quarter of 2006 compared to the corresponding period in 2005, primarily due to the sale of the Credit and Financial Services operations in the fourth quarter of 2005.

Net earnings for the quarter, including non-comparable items, were a loss of $11.8 million CAD (approx. $10.5 million) or $0.11 CAD (approx. $0.10) per share compared to a profit of $13.9 million CAD (approx. $12.3 million) or $0.13 CAD (approx. $0.12) per share in the quarter last year. Net earnings for the quarter, excluding non-comparable items, were a loss of $8.2 million CAD (approx. $7.3 million) or $0.08 CAD (approx. 0.07) per share compared to a loss of $3.8 million CAD (approx. $3.4 million) or $0.04 CAD (approx. $0.03) per share in the quarter last year.

The retailer said it is encouraged by the results of its major appliances recharge program launched in the second half of 2005. The category continued its strong sales performance from the fourth quarter.

Back to Daily News

 

Daily News

...........................................................

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows