Sears records $295 million of operating income for Feb. 3 to March 2

By Caroline Salls

Pittsburgh, April 16 – Sears Holdings Corp. reported $295 million of operating income for the period of Feb. 3 through March 2 on $169 million in total revenue, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.

Those figures compared to a $434 million operating loss posted for the period of Jan. 6 through Feb. 2 on $577 million in total revenue.

Net income for the February period was $255 million, improving significantly over a $500 million net loss for the previous period.

The results for the Jan. 6 through Feb. 2 period included $493 million in total costs related to sales, buying and occupancy.

In addition, the company listed $24 million in cash and cash equivalents as of March 2, down from $126 million at Feb. 2.

Sears is a retailer based in Hoffman Estates, Ill. The company filed bankruptcy on Oct. 15, 2018 in the U.S. Bankruptcy Court for the Southern District of New York under Chapter 11 case number 18-23538.

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