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Kohl's Comps For November And December Increases 6.9%

Kohl's Corp. (KSS) reported that its total and comparable sales for November and December 2017 combined increased 6.9% over the same period last year.

The company now expects its fiscal 2017 earnings per share to be $4.10 to $4.20 versus its previous guidance of $3.72 to $3.92. Excluding the Company's previously disclosed fourth quarter tax settlement of $30 million, diluted earnings per share is expected to be $3.98 to $4.08, compared to its prior guidance of $3.60 to $3.80.

The company continues to expect its fiscal 2017 gross margin rate to be higher than the prior year and its SG&A, including the 53rd week, to increase at the high end of its prior guidance of 0.5% - 2.0%.

The company's guidance does not include the impact of recent changes in federal tax legislation which are expected to have a positive impact on the Company's effective tax rate and generate a favorable non-cash tax benefit related to the re-measurement of deferred tax balances in 2017.

The company stated that it will release its fourth quarter and fiscal 2017 results On March 1, 2018.

by Andrew MariathasanRTTNews Staff Writer

For comments and feedback: contact editorial@rttnews.com

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