Plus   Neg

Kohl's Corp. Announces 2018 Guidance; Q4 Comps. Up 6.3% - Quick Facts

Kohl's Corp. (KSS) announced the company expects earnings per share of $4.95 to $5.45 for fiscal 2018. Comparable sales change is expected to range between flat to increase 2%. Total sales change is expected to be in the range of down 1% to up 1%. Kohl's plans to shift its earnings reporting cadence in fiscal 2018 and expects to report its first quarter 2018 financial results during the week of May 20, 2018.

Excluding tax reform and store closures, fourth-quarter earnings per share was $1.99 compared to $1.44, prior year. Comparable sales increased 6.3%.

Kohl's ended the fiscal year with 1,158 Kohl's stores in 49 states. During 2017, the company opened four Kohl's stores, relocated one Kohl's store and opened one Off/Aisle location.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
In view of an expected growth in online shopping in the upcoming holiday season, Walmart announced its plan to hire more than 20,000 seasonal associates in its eCommerce fulfillment centers across the country. The company offers a starting hourly rate ranging from $15.75 up to $23.75 based on location, position and schedule. Tour operator TUI AG Tuesday said Summer 2020 and Winter 2020/21 capacity reduced as a result of recent volatile changes in travel restrictions amid Covid-19 pandemic. The company further announced the launch of Global Realignment Programme, aiming to permanently reduce overhead cost base by 30%. The program potentially impacts 8,000 roles. Home improvement retailer Lowe's Companies Inc. plans to install pickup lockers at all U.S. stores aiming to improve contactless delivery for online buyers amid worsening Covid-19 spread. The "Buy Online Pickup in Store" self-service lockers at its more than 1,700 stores will be available by the end of March 2021. In most major metro markets, the online pickup option will be installed by Thanksgiv
Follow RTT