Kohl’s (KSS) Comps Fell 4.2% in June; Sees Q2 EPS at Low-End of Guidance
Tweet Send to a FriendGet Alerts KSS Hot Sheet
Price: $51.58 -0.86%
Revenue Growth %: 0.0%
Financial Fact:
Income before income taxes: 377M
Today's EPS Names:
LBIX, ESEA, ISS, More
Revenue Growth %: 0.0%
Financial Fact:
Income before income taxes: 377M
Today's EPS Names:
LBIX, ESEA, ISS, More
Trade KSS Now!
Kohl’s Corporation (NYSE: KSS) reported today that for the five-week month ended June 30, 2012 total sales decreased 2.6 percent and comparable store sales decreased 4.2 percent from the five-week month ended July 2, 2011.
Kevin Mansell, Kohl’s chairman, president and chief executive officer, commented, “Though June sales were again lower than expectations, we are encouraged by improved sales in the latter weeks of the month as we continued to build inventory levels. From a line of business perspective, Men’s and Footwear were the strongest categories. The Midwest was the strongest region.”
As a result of its quarter-to-date performance, the Company now expects second quarter diluted earnings per share at the low end of its previous guidance of $0.96 to $1.02.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Kevin Mansell, Kohl’s chairman, president and chief executive officer, commented, “Though June sales were again lower than expectations, we are encouraged by improved sales in the latter weeks of the month as we continued to build inventory levels. From a line of business perspective, Men’s and Footwear were the strongest categories. The Midwest was the strongest region.”
As a result of its quarter-to-date performance, the Company now expects second quarter diluted earnings per share at the low end of its previous guidance of $0.96 to $1.02.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Wal-mart (WMT) Posts Q1 EPS of $1.14; U.S. Comps Down 1.4%; Guides Q2 EPS
- Kohls Corp. (KSS) Tops Q1 EPS by 8c; Comps Down 1.9%; Guides Q2
- SciClone (SCLN) Notes Possible Q1 Revenue Impact Due to NovaMed Accounting
Create E-mail Alert Related Categories
Guidance, Retail SalesRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
