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Sears Provides Preliminary Third Quarter Earnings Oct 7, 2002 |
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Sears, Roebuck and Company, the largest U.S. retailer of major home appliances, said today that third quarter 2002 earnings per share are expected to be in the range of U.S. $0.80 to $0.82, versus earnings per share of $0.80 in the same quarter last year. The quarter includes $0.03 of dilution for the Lands' End acquisition. The Company's third quarter earnings release will be issued on Oct. 17.
Sears, based in Hoffman Estates, IL, U.S., reaffirmed its 2002 full-year outlook for a 22 percent increase in comparable earnings per share to $5.15, although guidance was revised for its principle business segments. The company now expects comparable earnings increases in the low- to mid-thirty-percent range in its retail and related services segment and in the mid-single-digit percent range in its credit and financial products segment.