logo
Plus   Neg
Share
Email

Kohl's Corp. Holiday Period Comps. Up 1.2%; Increases Earnings Guidance

Kohl's Corp. (KSS) reported comparable sales for November and December 2018 combined. On a shifted basis, which compares the nine weeks ended January 5, 2019 and January 6, 2018, comparable sales for the Holiday period increased 1.2%.

Based on the strong Holiday sales performance, the company now expects fiscal 2018 earnings per share to be $5.50 to $5.55, compared to its prior guidance of $5.35 to $5.55. The guidance excludes the debt extinguishment charge of $42 million, or $0.19 per share, which was recorded in the first quarter of fiscal 2018.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
PG&E agreed to pay around $13.5 billion to settle all individual claims related to California wildfires, due to which the electric utility had to file for bankruptcy. With the Bankruptcy Court's approval of the settlement agreement, PG&E hopes to emerge from Chapter 11 by the June 30, 2020 deadline to participate in the State of California's go-forward wildfire fund. Airbnb has introduced few new rules to control parties and nuisances amidst the backlash the service received after the Halloween shooting at an Airbnb rental in a San Francisco. San Francisco-based Airbnb said it is banning "open invite" parties at all of its accommodations. The company is also banning... The U.S. Food and Drug Administration has approved three generic versions of Novartis' Gilenya capsule for treating relapsing forms of multiple sclerosis. "Approving safe and effective generics so patients have more treatment options continues to be a priority for the FDA," said Janet Woodcock, director...
Follow RTT
>