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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.