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This ain't good:

For the quarter ending Aug. 4, executives at the nation's third-largest retailer said Sears Holdings Corp. expects to post earnings between $160 million and $200 million, or between $1.06 and $1.32 per share. That includes an 8-cent per share gain from bankruptcy-related settlements and investing activities.

Analysts polled by Thomson Financial had expected second-quarter earnings of $2.12 per share for the Hoffman Estates-based company.

"We are disappointed with our recent performance," Chief Executive Aylwin Lewis said in a statement. "Although we believe our business has suffered from many of the same factors that have led other retailers to announce disappointing results and lowered expectations, our recent performance underscores our ongoing need to become more relevant to consumers while improving our discipline around expense management."

They didn't just miss earnings, they weren't in the ballpark.

Posted by edelfenbein at July 10, 2007 9:35 AM