Summary Box: Sears expects 1Q profit

Associated Press

THE GUIDANCE: Sears Holdings Corp., which runs Kmart and its namesake stores, said Tuesday that it expects to post a first-quarter profit because of a large gain from the sale of some U.S. and Canadian stores.

THE DETAILS: It expects first-quarter earnings from continuing operations of $155 million to $195 million, or between $1.46 and $1.84 per share. It lost $1.53 per share a year ago.

THE BACKGROUND: The company said that its Sears and Kmart stores experienced strength in clothing and footwear sales, but that sales of consumer electronics were soft. Sears also reported a dropoff in appliance sales.

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