How Do Sears’s Fiscal 4Q17 Margin Numbers Look?
Sears Holdings’ (SHLD) fiscal 4Q17 gross profit was $924 million, a fall of 28.2% compared to fiscal 4Q16. Sears’s gross margin contracted 20 bps (basis points) to 21.1%. A contraction of 140 bps in its merchandise sales margin offset the expansion of 120 bps it saw in its gross margin for services.