Kohl's Corp. (KSS) Sees FY EPS at Low End of Range, Sees Q3 Comps Down 1.4%

Kohl’s Corporation (NYSE: KSS) provided additional details regarding its upcoming Investor Conference and updated its FY 2014 earnings per share guidance.

Kohl’s Investor Conference 2014

On October 29, 2014, the Kohl’s executive leadership team will gather with investors to share a new vision for multi-year growth. The presentations will be aired on the Company’s corporate website from 8 am CT to approximately 3 pm CT on October 29, 2014. A detailed agenda of the day and individual presentations will also be on the site. Webcast replays and transcripts will be available after the event.

The corporate website address is:http://www.kohlscorporation.com/InvestorRelations/Investor01b.htm. To listen to this conference via telephone only, users can call (855) 337-6309.

Guidance Update

Kohl’s Corporation expects comparable sales to decrease 1.4% in the third quarter. October sales have been softer than the balance of the quarter. Geographically, the Company expects sales to be consistent across all regions. E-Commerce sales are expected to increase over 30%.

By line of business, the Company expects Children’s to report comparable sales increases for the quarter. Accessories, Footwear and Men’s are expected to report lower sales, but to outperform the company average. Home and Women’s are expected to underperform the company average.

Based on actual sales to date, the Company expects its 2014 diluted earnings per share to be at the low end of its prior guidance, which was previously $4.05 - $4.45 per diluted share.

(Street sees 2014 EPS of $4.30)

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