HOFFMAN ESTATES, IL -- Sears Holdings Corporation last week announced that domestic comparable store sales rose 0.4 percent in December, lead by its Kmart unit, which reported strong sales gains from toys, as well as home and apparel.
Sears store sales were lower during the period, falling 4.3 percent on lower sales for higher ticket hardline items. The company said, however, that tools and automotive categories saw sales rise.
As a result the company expects to generate income between $385 million and $465 million, or between $3.36 and $4.06 per diluted share. Analysts had expected earnings of $2.69 per share.
For the full year ending January 30, 2010, the Company expects net income attributable to Holdings' shareholders to be between $190 million and $270 million, or between $1.61 and $2.29 per diluted share.