Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

Well there goes the saying ...

topdawgnc
topdawgnc Member Posts: 7,842
Revenue cures all ills.

How in the fuck does a company (Sears) do 5.7 billion dollars in revenue ... and lose 471MM

I guess I'm surprised Sears does 5.7 billion in sales ...
«1

Comments

  • sarktastic
    sarktastic Member Posts: 9,208
    axe accounting
  • TierbsHsotBoobs
    TierbsHsotBoobs Member Posts: 39,680
    Since your Google is broken:
    In all, for the quarter ended April 30, Sears reported a loss of $471 million, or $4.41 a share, compared with a loss of $303 million, or $2.85 a share, a year earlier. Excluding certain items, Sears’s adjusted loss shrunk to $1.86 a share from $2 a share.

    Revenue dropped 8.3% to $5.39 billion, mostly owing to the same-store sales decrease and having fewer Kmart and Sears full-line stores in operation. Of the year-over-year decline, $268 million was attributable to comparable-store declines, while $149 million of the decline was due to having fewer stores.
  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 70,478 Founders Club
    topdawgnc said:

    Revenue cures all ills.

    How in the fuck does a company (Sears) do 5.7 billion dollars in revenue ... and lose 471MM

    I guess I'm surprised Sears does 5.7 billion in sales ...

    They should ask Scott Woodward
  • EwaDawg
    EwaDawg Member Posts: 4,504
    edited May 2016

    Since your Google is broken:
    In all, for the quarter ended April 30, Sears reported a loss of $471 million, or $4.41 a share, compared with a loss of $303 million, or $2.85 a share, a year earlier. Excluding certain items, Sears’s adjusted loss shrunk to $1.86 a share from $2 a share.

    Revenue dropped 8.3% to $5.39 billion, mostly owing to the same-store sales decrease and having fewer Kmart and Sears full-line stores in operation. Of the year-over-year decline, $268 million was attributable to comparable-store declines, while $149 million of the decline was due to having fewer stores.

    They lost $471 million on $5.7 billion of sales because they didn't have enough sales? That's like saying CUOGS lost the latest apple cup because they didn't score enough points.

    Assuming you actually work, it CAN'T be in any financial field. Holey fuck.

  • topdawgnc
    topdawgnc Member Posts: 7,842

    Since your Google is broken:
    In all, for the quarter ended April 30, Sears reported a loss of $471 million, or $4.41 a share, compared with a loss of $303 million, or $2.85 a share, a year earlier. Excluding certain items, Sears’s adjusted loss shrunk to $1.86 a share from $2 a share.

    Revenue dropped 8.3% to $5.39 billion, mostly owing to the same-store sales decrease and having fewer Kmart and Sears full-line stores in operation. Of the year-over-year decline, $268 million was attributable to comparable-store declines, while $149 million of the decline was due to having fewer stores.

    I thinks you misunderstood the sarcastic nature of my poast.
  • Southerndawg
    Southerndawg Member, Swaye's Wigwam Posts: 8,375 Founders Club

    RIP
    image

    Chicago has needed common sense gun laws for a very long time
  • BennyBeaver
    BennyBeaver Member Posts: 13,346
    Sears catalog.

    BRB, JO
  • Kaepsknee
    Kaepsknee Member Posts: 14,919

    Since your Google is broken:
    In all, for the quarter ended April 30, Sears reported a loss of $471 million, or $4.41 a share, compared with a loss of $303 million, or $2.85 a share, a year earlier. Excluding certain items, Sears’s adjusted loss shrunk to $1.86 a share from $2 a share.

    Revenue dropped 8.3% to $5.39 billion, mostly owing to the same-store sales decrease and having fewer Kmart and Sears full-line stores in operation. Of the year-over-year decline, $268 million was attributable to comparable-store declines, while $149 million of the decline was due to having fewer stores.

    Not to worry, they'll make it up on even more volume in Q3