Sears Holdings marks $3 million of operating income for May 5-June 1

By Caroline Salls

Pittsburgh, July 23 – Sears Holdings Corp. reported $3 million of operating income for the period of May 5 through June 1 on $26 million in total revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, Sears posted $140 million of operating income for the period of April 7 through May 4 on $8 million in total revenue.

The net loss for the period was $19 million, declining from $188 million of net income for the April period.

In addition, the company listed $7 million in cash and cash equivalents as of June 1, down from $14 million at May 4.

Sears is a retailer based in Hoffman Estates, Ill. The company filed bankruptcy on Oct. 15, 2018 under Chapter 11 case number 18-23538.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.