Sears Canada Inc. reported unaudited earnings results for third quarter and nine months ended October 31, 2016. For the quarter, the company's net loss was CAD 120.0 million compared to CAD 53.2 million a year ago. Adjusted LBITDA was CAD 77.7 million compared to CAD 31.7 million a year ago. Basic net loss per share was CAD 1.18 million compared to CAD 0.52 million a year ago. Revenue was CAD 625.2 million compared to CAD 792.1 million a year ago. Operating loss was CAD 116.6 million compared to CAD 49.7 million a year ago. Loss before income taxes was CAD 115.7 million compared to CAD 49.8 million a year ago. Cash flow used for operating activities were CAD 159.3 million compared to CAD 116.8 million a year ago. Purchases of property, plant and equipment and intangible assets were CAD 5.7 million compared to CAD 15.8 million a year ago.

For the nine months, the company's net loss was CAD 275.2 million compared to CAD 98.8 million a year ago. Adjusted LBITDA was CAD 219.2 million compared to CAD 109.3 million a year ago. Basic net loss per share was CAD 2.70 million compared to CAD 0.97 million a year ago. Revenue was CAD 1,869.6 million compared to CAD 2,258.1 million a year ago. Operating loss was CAD 312.0 million compared to CAD 159.8 million a year ago. Loss before income taxes was CAD 270.0 million compared to CAD 93.1 million a year ago. Cash flow used for operating activities were CAD 343.6 million compared to CAD 281.2 million a year ago. Purchases of property, plant and equipment and intangible assets were CAD 15.4 million compared to CAD 30.1 million a year ago.

For the quarter, the company's impairment losses were CAD 17.4 million.