Last $13.18 USD
Change Today +0.04 / 0.30%
Volume 7.2K
SEARF On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

sears canada inc (SEARF) Snapshot

Open
$13.16
Previous Close
$13.14
Day High
$13.36
Day Low
$12.66
52 Week High
04/4/14 - $15.48
52 Week Low
09/3/13 - $8.14
Market Cap
1.3B
Average Volume 10 Days
3.5K
EPS TTM
--
Shares Outstanding
101.9M
EX-Date
12/9/13
P/E TM
--
Dividend
--
Dividend Yield
35.66%
Current Stock Chart for SEARS CANADA INC (SEARF)

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sears canada inc (SEARF) Details

Sears Canada Inc. operates as a multi-format retailer in Canada. The company operates in two segments, Merchandising and Real Estate Joint Arrangements. It operates department stores that offer women’s apparel, men’s and children’s apparel, nursery products, cosmetics, jewelry, footwear, and accessories; and home and hardlines, including home furnishings and mattresses, home decors, lawn and garden products, hardware products, electronics and leisure products, and seasonal products, as well as provides appliances comprising refrigeration, laundry, floor care, and sewing products. The company also operates home stores, which offer appliances and electronics; and home improvement products, as well as provides travel and logistics services. In addition, it operates dealer stores that offer appliances, furniture, home electronics, and outdoor power equipment; outlet stores that offer clearance merchandise; appliances and mattresses stores that provide appliances, mattresses, box-springs, and products of private labels; and a chain of appliance specialty stores under the Corbeil name. Further, the company has joint arrangement interests in three shopping centers. Sears Canada Inc. offers its products directly through telephone, mail, fax, and online at sears.ca, as well as through its stores and catalogue agents. As of March 13, 2014, it operated 176 corporate stores, 233 hometown dealer stores, 7 Sears home services showrooms, approximately 1,400 catalogue and online merchandise pick-up locations, and 97 Sears travel offices, as well as home maintenance, repair, and installation network. The company was formerly known as Simpsons-Sears Limited and changed its name to Sears Canada Inc. in May 1984. The company was founded in 1952 and is headquartered in Toronto, Ontario. Sears Canada Inc. is a subsidiary of Sears Holdings Corporation.

25,246 Employees
Last Reported Date: 03/14/14
Founded in 1952

sears canada inc (SEARF) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$654.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$731.3K
Chief Operating Officer and Executive Vice-Pr...
Total Annual Compensation: C$562.5K
Executive Vice-President of Financial Service...
Total Annual Compensation: C$522.9K
Senior Vice-President of eCommerce & Omni-Cha...
Total Annual Compensation: C$404.3K
Compensation as of Fiscal Year 2013.

sears canada inc (SEARF) Key Developments

Sears Canada Inc. Enters into Development Agreement with Concord Pacific Group of Companies to Develop 12-Acre Sears Site at the North Hill Shopping Centre in Calgary, Alberta

Sears Canada Inc. announced that it has entered into a binding agreement with Concord Pacific Group of Companies (Concord) to pursue the development of the 12-acre Sears site located at the North Hill Shopping Centre in Calgary, Alberta. Closing under the agreement is conditional upon satisfaction of conditions such as site investigations and obtaining the approval from the City of Calgary for the project, which are expected to take some time. The vision of the redevelopment is an infill project consisting of residential high-rises, with a potential retail component. Concord brings its development experience, depth and diversity to the joint arrangement. Concord develops comprehensive multi-phased urban communities across Canada and, in 2013, entered into a similar agreement with Sears regarding the retailer's land adjacent to its store at Metropolis at Metrotown in Burnaby, British Columbia. The arrangement contemplates the sale of a 50% interest in the site for a value of approximately $15 million, subject to adjustments, and the retention of Concord on customary terms to manage most facets of the development. Following the transfer of the 50% interest, the parties would enter into a co-ownership joint arrangement. If third party debt financing cannot be obtained, Concord, and not Sears, will be responsible for providing debt financing to develop the project.

Sears Canada Inc. Extends and Reduces Credit Facility

Sears Canada Inc. announced that it has extended the term of its senior secured revolving credit facility to May 2019 and has reduced the total credit limit from $800 million to $300 million. Currently, the revolving facility is undrawn. Sears credit facility is held by a syndicate of lenders arranged and administered by Wells Fargo Capital Finance, part of Wells Fargo & Company. The original maturity was September 10, 2015. The credit facility is secured with a first lien on inventory and credit card receivables.

Sears Canada Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 3, 2014

Sears Canada Inc. reported unaudited consolidated earnings results for the first quarter ended May 3, 2014. Total revenues for the 13-week period ended May 3, 2014 was CAD 771.7 million compared to CAD 867.1 million for the 13-week period ended May 4, 2013, a decrease of 11.0%. Same store sales decreased 7.6%. The balance of the change in revenues is primarily attributable to revenues from stores closed as a result of early termination and amendment of certain full-line store leases and the sale of joint arrangement interests in Fiscal 2013. The net loss for the quarter this year was CAD 75.2 million or 74 cents per diluted share compared to a net loss of CAD 31.2 million or 31 cents per diluted share for the same period last year. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the 13-week period ended May 3, 2014 was a loss of CAD 58.1 million compared to a loss of CAD 9.8 million for the 13-week period ended May 4, 2013. Operating loss was CAD 100.5 million against CAD 41.5 million a year ago. Loss before income taxes was CAD 102.3 million against CAD 43.4 million a year ago. Net cash used in operating activities was CAD 228.4 million against CAD 119.6 million a year ago. Purchases of property, plant and equipment and intangible assets were CAD 10.5 million against CAD 6.7 million a year ago. The unseasonable weather had an adverse effect on revenues. The company announced that the net loss included pre-tax expenses of CAD 7.6 million primarily related to severance costs. Also included in net loss for the quarter were pre-tax lease exit costs, warranty and other costs related to such things as the future settlement of retirement benefits, totaling CAD 11.2 million.

 

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Valuation SEARF Industry Range
Price/Earnings 3.7x
Price/Sales 0.4x
Price/Book 1.5x
Price/Cash Flow 3.7x
TEV/Sales 0.3x
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