Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade KSS now with 

Kohl's Corp. (KSS: Quote) 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.

Click here to receive FREE breaking news email alerts for Kohl`s Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After moving moderately lower in early trading on Monday, stocks have seen further downside as the trading day has progressed. With the drop on the day, the Dow has pulled back well off last Friday's record closing high. After reporting four consecutive monthly increases, the National Association of Realtors released a report on Monday showing an unexpected drop in U.S. existing home sales in the month of August. NAR said existing home sales fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million in August. The European Central Bank remains ready to use additional unconventional tools to counter risks to the inflation outlook and to boost the euro area economy, ECB President Mario Draghi said on Monday. "The Governing Council remains fully determined to counter risks to the medium-term outlook for inflation," Draghi said in Brussels.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.