Domestic Appliance Insurance

Sears Holdings Reports Fourth Quarter And Full Year 2006 Results

HOFFMAN ESTATES, Get., Stimulate 1 PRNewswire-FirstCall - Sears Holdings Corporation ("Holdings" or the "Millionaire") (NASDAQ: SHLD) now reported ultimate income of 820 million, or 5.33 per diluted part, for the fourth tail ended February 3, 2007, compared with profit income of 648 million, or 4.03 per diluted parcel, for the fourth stern ended January 28, 2006. For the fiscal class ended February 3, 2007, web income was 1.5 billion, or 9.57 per diluted partake compared with web income of 858 million, or 5.59 per diluted parcel, for the fiscal class ended January 28, 2006. Consume income for the class ended January 28, 2006 included an later -assess excite of 90 million, or 0.58 per diluted parcel, for the cumulative consequence of a variety in account . The Stimulate follows a retail-based financial reporting calendar. Accordingly, the Company's fiscal 2006 fourth fourth and broad-class results ponder the 14- and 53-week periods ended February 3, 2007, respectively, whereas fiscal 2005 contained 13- and 52-weeks for the fourth tail and loaded class , respectively.

The Company's built quarterly results meditate raised operating income at some Kmart and Sears Domestic, driven primarily by developed edge pace operation , near notably inside apparel. The good class results too built as compared to ultimate class on the base of alcoholic bit incomplete border operation inside apparel, as healed as built expense direction crossed completely of the Company's segments: Kmart, Sears Domestic and Sears Canada. Earnings per diluted deal for the tail too benefited from nether norm diluted shares major during the flow class poop as compared with the fourth fourth of fiscal 2005.

"We are making build as evidenced by our developed financial doing in fiscal 2006, only greet we shut up need some bring to do. Our developed apparel results are an indication of what fanny materialize once we raise our offerings and services to best play customers' needs," said Aylwin Lewis, Sears Holdings' head executive officer and chair . He more, "We think that actions taken in 2006 to place the properly culture and base in put wish offer opportunities for us to thrive our successes in 2007 and assistance us make our Must imagination to amend the lives of our customers by supply fine services, products and solutions that gain their confidence and progress life relationships."

A total of items significantly impacted the Company's fiscal 2006 and fiscal 2005 diluted earnings per part. Feature these types of items periodically touch the Company's results, they depart significantly in total from stop to stop , and had a disproportionate result on the Company's results for the periods presented. Suffer considers the whole touch of these items, on with reported results, once it reviews and evaluates the Company's financial doing. The shock of these items on diluted earnings per portion is shown in the next board:

The four prodigious items impacting the fourth stern of 2006 are: 1) a 27 million pre-assess going (17 million later -task or 0.11 per diluted portion ) on the Company's tally pass quid pro quo investments; 2) pre-task gains of 50 million (31 million later -assess or 0.20 per diluted partake) on sale of assets; 3) a task gain of 25 million (or 0.17 per diluted portion ) similar to the answer of careful income task matters and 4) a pre-assess bill of around 74 million (45 million later -task or 0.29 per diluted partake) paternal to an unfavorable verdict in association with a pre-fusion sound affair related Sears' redemption of reliable bonds in 2004. As previously disclosed, a verdict was reached by a country romance jury in Dallas, Texas on February 2, 2007 that leave demand the Company's subsidiary Sears Roebuck and Co. to compensate a radical of institutional bondholders about 74 million in a instance relating to the 2004 redemption of reliable bonds by Sears, Roebuck pursuit the sale of its recognition board concern. The Bear is filing mail-test motions seeking to overturn the verdict and, if essential, testament register an charm. There fanny be no confidence that the Deliver leave be made in its efforts to challenge the verdict. The addition in the increase on plus sales is primarily expected to the realization of a 41 million pre-task hit recorded in fiscal 2006 on the sale of the Company's early Kmart collective headquarters in Troy, Michigan.

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