logo
Share SHARE
FONT-SIZE Plus   Neg

Kohl's Jan. Comps. Up 0.6%; Boosts Q4, FY11 EPS View - Quick Facts

Kohl's Corp. (KSS) said its January comparable-store sales increased 0.6 percent over the previous year, with total sales for the month rising 2.4 percent to $844 million from $825 million a year earlier.

The company said it has achieved its goal of $1 billion in E-Commerce revenues in fiscal 2011. President and chief executive noted, "The E-Commerce business was a key contributor to our fiscal 2011 sales performance and we plan to build on its momentum in 2012. Additionally, strong expense management during the quarter contributed to better-than-expected profitability."

Further, the company raised its fourth-quarter earnings per share guidance to $1.79 - $1.80 from its prior outlook of $1.70 - $1.73 and its fiscal 2011 guidance to $4.29 - $4.30 per share from its earlier view of $4.20 - $4.23 per share. Analysts anticipate earnings per share of $1.73 for the fourth quarter and $4.24 for the full year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Low-cost airline Allegiant Air announced its order for brand-new aircraft for the first time in its history. The carrier announced on Friday it had reached a deal to purchase 12 current-generation models of Airbus' A320 narrow-body jets. The company termed the deal as "another step towards Allegiant's... Los Angeles City officials have filed criminal charges against Soylent CEO Robert Rhinehart for placing a bright red shipping container on Montecito Heights hillside as part of his "experiment in sustainable living." City Attorney Mike Feuer Friday announced that his office has filed multiple criminal... A new study says that if Hillary Clinton is elected then her proposals will strengthen the U.S. economy and create millions of jobs. According to Moody's Analytics, Hillary Clinton's economic proposal would oversee a "somewhat stronger U.S. economy." The conclusion was reached after assessing her...
comments powered by Disqus
Follow RTT