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KSS Kohls Corporation

27.05
0.56 (2.11%)
29 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Kohls Corporation NYSE:KSS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.56 2.11% 27.05 27.295 26.55 26.555 4,565,749 01:00:00

Kohl's Reports Sales Declined, Lowers Adjusted EPS Outlook

21/05/2019 12:57pm

Dow Jones News


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By Aisha Al-Muslim

 

Kohl's Corp. (KSS) Tuesday said sales in the latest quarter missed expectations as the retailer experienced a slower start to the year.

The Menomonee Falls, Wis.-based department store reported a first-quarter profit of $62 million, or 38 cents a share, down from $75 million, or 45 cents a share, a year earlier.

Excluding impairments, store closing and other costs, adjusted earnings were 61 cents a share, above the 56 cents a share analysts polled by Refinitiv were looking for.

Net sales dropped 3.3% to $3.82 billion, below the consensus forecast of $3.94 billion. Total revenue was $4.09 billion, a 2.9% decline.

Comparable sales fell 3.4%, below the FactSet estimate of a decline of 0.1%.

For the fiscal year, the company now expects adjusted earnings per share of $5.15 to $5.45, compared with its prior guidance of $5.80 to $6.15.

The company had previous said it expects comparable sales of no change to a 2% increase.

 

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

 

(END) Dow Jones Newswires

May 21, 2019 07:42 ET (11:42 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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