That was pretty funny this morning. Now Gareth's post has been removed HA
18 replies (most recent on top)
Profitable by Sears definition or profitable by standard accounting practices?
To everyone who says this didn't happen on pebble, it did. Sorry to all the haters but we had a profitable 4th quarter.
Actually, the stores held their own. The profit is coming out of shopyourway. Uber and FuboTV deals raked in huge amounts of cash I’m hearing.
I don't believe it, even if they make a positive ADJUSTED Ebitda, SHLD will lose at least 200 millions $ in the best quarter, nearly the entire market cap lost in 1 quarter.
Even if SHLD manages to lose only 200 M each quarter in 2018, it means 800 millions losses this year, unsustainable.
Of course if it's true it would be for adjusted EBITDA. The earlier guidance estimated up to -$10M adjusted EBITDA. Wouldn't surprise me if the company were able to swing that slightly positive. It's still over a $200M GAAP loss.
It might be true in terms of adjusted ebitda. Have heard similar echoes from insiders in mgt. Wait and see.
It's fake.Sears holdings already reported that they expected losses for Q4 :
"In addition, we expect a net loss attributable to Sears Holdings' shareholders of between $320 million and $200 million in the fourth quarter of 2017"
https://searsholdings.com/press-releases/pr/2079
This appears to be a SEC Regulation FD violation. The company needs to file a Form 8-K to publicly disclose this information.
HA!! This is nothing but a back door scam "leak" to pump the stock that has fallen on its face. "HEY WE MADE A PROFIT" Then Eddie slips in like its a big secret stock tip... and kills it. BAHAHAHA we already know they lost a min of 220 million because they told us so.
@1isg - Adjusted EBITDA is actually a more accurate measure of the business operations themselves. For instance, in the quarter last year when the upfront payment of the Craftsman sale was recognized, SHLD reported positive earnings because of that $575M one-time payment. However, adjusted EBITDA for that quarter was still negative, as the business operations produced a loss.
adjusted EBITA is a massaged number. In Sears case they exclude rent for example form the costs. They count gain from sales of assets as an operating profit, which it is not. GAAP general accepted accounting principle accounting is the real profit or loss, not EBITA.
Seems so as the q4 results haven't been released yet to the public or shareholders
They delivered a profitable quarter in 2017 but I think it was only because of the sale of craftsman. I wonder what Gareth is talking about. Does he mean profit without an asset sale?
Sounds like Eddie is saying Gareth's post could be "insider trading" but Eddie could have been nicer and more discreet about it....
Edward Lampert
CEO
HoldingsCo, 58491 - Miami, FL
2/12/2018 at 8:58 AM
The main thing is to ensure that we are complying with all SEC regulations and if this disclosure/dissemination is an issue, we need to address it. On Feb 12, 2018, at 9:47 AM, Pebble - Gareth Glynne
In reply to Gareth Glynne posted a message on 2/12/2018 at 8:45 AM
BIG congrats to all of our teams across our Stores , field and Centre support functions for your tremendous effort and commitment in Delivering a profitable Q4.
As an organization SHC delivered a profit for the first quarter since 2014 🤗🤗🤗
More to come 👍👍👍👍
Hey ho , let’s go
what was the fight about?
Gareth Glynne
Head, Retail Services-Km&Sears , EXE00037 , 58491 Hoffman Est, IL , KmartRetail
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Awww. What did I miss??