Domino’s Profit Jumps 22% and 2 Hot Stocks to Watch
Sears Holdings Corporation (NASDAQ:SHLD): $44.98
The company posted a smaller loss during Q4 due to its reduction to inventory and expenses, and sales at its namesake stores saw a slight increase. Furthermore Sears’s stock saw an increase of over 3 percent during pre-market trading Thursday. The company is also owner of the Kmart store chain, which lost $489 million, or $4.61 per share, for the period that ended February 2 versus a loss of $2.4 billion, or $22.63 per share, in the previous year. The company’s revenue saw a 2 percent decline to $12.26 billion from $12.48 billion, and Sears claims it was mostly a result of the separation of its Sears Hometown and Outlet businesses and the impact of having fewer Kmart and Sears stores in operation along with reduced revenue from stores open at least a year.
Although it has seen a loss, Sears has experienced growth in its online business, as sales rose 25 percent. The company lost $930 million, or $8.78 per share compared to the previous year’s loss of $3.14 billion, or $29.40 per share. Also, the company’s annual revenue saw a 4 percent decline to $39.85 billion from $41.57 billion.