Sears Hometown And Outlet Stores Q2 Net Income Decreases - Quick Facts

(RTTNews) - Sears Hometown and Outlet Stores, Inc. (SHOS) reported second-quarter net income of $1.5 million or $0.07 per share compared to $3.4 million or $0.15 per share, last year. Adjusted EBITDA increased 103.4% to $5.0 million.

Net sales decreased 3.0%, to $619.6 million from the second quarter of 2014. Comparable store sales decreased 1.4%. Including Commission sales, adjusted comparable store sales decreased 2.6%.

Will Powell, CEO and President, said, "During the second quarter, the profitability of our core operations continued to show improvement over last year. Adjusted EBITDA increased by $2.5 million for the second quarter. Improved merchandise gross margin rate and good expense control drove the increase."