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Retail Earnings Abound Ahead of Holiday Shopping Kick-Off

Posted: Nov. 18th, 2011  |  By Forbes

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Just about a week to go until Black Friday marks the beginning of the holiday shopping rush, and several retailers are reporting earnings today.

Sears Holdings (nasdaq: SHLD - news - people ) posted a wider loss for its fiscal third quarter, or $421 million, or $3.95 per share, compared to a loss of $218 million, or $1.98 per share, last year.

The parent to Sears as well as Kmart stores said its adjusted loss totaled $2.57 per share, worse than analysts expected.

Revenue fell by about 1%, to $9.57 billion, also missing analyst expectations.

Also today, Williams-Sonoma (nyse: WSM - news - people ) reported third quarter earnings per share of $0.41, compared to $0.34 per shares last year.

Net sales rose 6.3%, to $867 million, on 7.3% growth in same-store sales across all of the company's brands, include its namesake stores, Pottery Barn, and West Elm.

Results were ahead of analyst estimates.

Williams-Sonoma is looking for adjusted earnings of $2.21 to $2.26 per share in the fourth quarter, largely ahead of analyst estimates.

And, Dollar Tree posted third quarter earnings of $104.5 million, or $0.87 per share, compared to $93.2 million, or $0.73 per share, last year.

Revenue rose 11.9%, to $1.6 billion, on same-store sales growth of 4.8%.

Results came in ahead of analyst estimates.

Dollar Tree hiked its full-year forecast to earnings of $3.94 to $4.01 per share.

Apparel retailer Gap (nyse: GPS - news - people ) reports earnings later today.

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