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Sears Canada announces unaudited Q3 earnings results
21 Oct '05
3 min read
Net earnings for the first nine months, excluding non-comparable items, were $27.9 million or 26 cents per share compared to $35.5 million or 33 cents per share for the same period last year. Net losses for the nine months, including non-comparable items, were $12.6 million or 12 cents per share compared to net earnings of $33.9 million or 32 cents per share for the same period last year.
With respect to the remainder of 2005, the Company noted some additional information. Capital expenses, in 2005, are planned to be below $100 million, compared to approximately $150 million in 2004. In addition, the Company confirms that it is progressing as anticipated towards the closing of the sale of its Credit and Financial Services business to JPMorgan Chase & Co. and expects to complete the transaction by year-end, as previously announced.
The Board of Directors of Sears Canada Inc declared a quarterly dividend of 6 cents a share on all Common Shares of the Corporation. The dividend is payable on the 15th day of December, 2005 to shareholders of record on the 15th day of November, 2005.
Sears Canada is a multi-channel retailer with a network of 122 full-line department stores, 217 off-mall stores, 62 home improvement showrooms, over 2,200 catalogue merchandise pick-up locations, 113 Sears Travel offices and a nationwide home maintenance, repair, and installation network.
With respect to the remainder of 2005, the Company noted some additional information. Capital expenses, in 2005, are planned to be below $100 million, compared to approximately $150 million in 2004. In addition, the Company confirms that it is progressing as anticipated towards the closing of the sale of its Credit and Financial Services business to JPMorgan Chase & Co. and expects to complete the transaction by year-end, as previously announced.
The Board of Directors of Sears Canada Inc declared a quarterly dividend of 6 cents a share on all Common Shares of the Corporation. The dividend is payable on the 15th day of December, 2005 to shareholders of record on the 15th day of November, 2005.
Sears Canada is a multi-channel retailer with a network of 122 full-line department stores, 217 off-mall stores, 62 home improvement showrooms, over 2,200 catalogue merchandise pick-up locations, 113 Sears Travel offices and a nationwide home maintenance, repair, and installation network.
Sears Canada
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