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Sears 4-Qtr. Earnings Up 26.5%

NEW YORK — Sears Holdings Corp. said on Thursday that fourth-quarter earnings jumped 26.5 percent, boosted in part by better margins in apparel sales at its Kmart and Sears domestic stores.<BR><BR>For the three months ended Feb. 3, income was...

NEW YORK — Sears Holdings Corp. said on Thursday that fourth-quarter earnings jumped 26.5 percent, boosted in part by better margins in apparel sales at its Kmart and Sears domestic stores.

For the three months ended Feb. 3, income was $820 million, or $5.33 a diluted share, from $648 million, or $4.03, in the same year-ago quarter. Revenues rose 1.3 percent to $16.29 billion from $16.09 billion.

The company said that improved results reflect increased operating income at Kmart and Sears domestic stores, driven by an improved margin rate performance, particularly in apparel.

Aylwin Lewis, chief executive officer and president, said in a statement that the actions taken in 2006 will provide opportunities for the company in 2007.


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