A Look at Sears’s Fiscal 4Q17 Revenue Performance
Sears Holdings (SHLD) reported its fiscal 4Q17 results on March 14, 2018. Its revenue of $4.4 billion topped analysts’ consensus estimate of $3.9 billion, but on a YoY (year-over-year) basis, its revenue fell 27.7% driven by store closures. Kmart’s comps (comparable store sales) fell 12.2% in fiscal 4Q17, while Sears reported a comps fall of 18.1%.