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
Athletic clothing company Under Armour has ended sponsorship of a female hunter after a video that showed her husband killing a bear caused an outrage. Sponsorship of Sarah Bowmar, the wife and hunting companion of US hunter Josh Bowmar, was dropped by Under Armor following the negative response to... The City of Somerville has decided not to appeal a key environmental permit granted in July for Wynn Resorts Ltd.'s $2.1 billion Everett casino project. The decision paves the way for work on the casino project, known as Wynn Boston Harbor, to go ahead. Apple Inc. is planning to launch three new iPhone models in 2017, including a premium handset with a curved display, the Nikkei Asian Review reported Monday, citing sources familiar with Apple's plans. The new iPhone models will reportedly include a 4.7-inch model, a 5.5-inch model and the premium handset that will be either 5.5 inches or larger.
comments powered by Disqus
Follow RTT