Sears records $140 million of operating income for April 7 to May 4

By Caroline Salls

Pittsburgh, June 17 – Sears Holdings Corp. reported $140 million of operating income for the period of April 7 through May 4 on $8 million in total revenue, according to its monthly operating report filed Monday with the Securities and Exchange Commission.

In comparison, Sears posted $58 million of operating income for the period of March 3 through April 6 on $29 million in total revenue.

Net income for the April period was $188 million, up from $175 million of net income for the March period.

In addition, the company listed $14 million in cash and cash equivalents as of May 4, compared to $9 million at April 6.

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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