Sears Holdings Co.
) continues to disappoint with its overall performance. The
company's third-quarter 2011 adjusted loss of $2.57 per share was
wider than the Zacks Consensus Estimate of a loss of $2.14 as well
as prior-year quarter loss of $1.71, attributable to sluggish
Moreover, Sears received a setback as the company reported a
decline of 5.2% in its comparable store sales during the busiest
shopping period of the year. Management's cost cutting initiatives
for boosting profits also did not bear fruit, rather improvement in
merchandise mix and customer services would have been a better
Intense competition and exposure to adverse foreign currency
translations may further undermine the company's future operating
performance. Currently, we are maintaining a long-term Underperform
recommendation on the stock.
SEARS HLDG CP (
): Free Stock Analysis Report
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