Sear’s Q3 2013 Financial Results and Quarterly Earnings Report
October of 2013 marked the one year anniversary of SHOS (Sears Hometown and Outlet Stores Inc.)'s separation from Sears Holdings Corporation.
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As a result, this quarter’s year-over-year increase in operating expenditure was a mere $5M. This largely reflected the enhanced expense of operating an independent publicly listed company.
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During the Q3-2013 SHOS repurchased 279,247 shares amounting to $8.4 million as part of its $25M share repurchase program which was approved by the Board on August 28, 2013.
Shares of the company were down 4.62% (closing at $27.89) following the quarterly earnings results release on Dec 6, 2013.
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