Kohl's (KSS) Sept Comps Down 5.5%, Guides EPS To Low End
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Kohl's Corporation (NYSE: KSS) September Comps Down 5.5%. Total sales for the five-week month ended October 4, 2008 increased 0.6%
Given current trends, the Company now expects its third quarter earnings to be at the low end of its previously announced guidance of $0.51 to $0.56 per diluted share. The consensus is $0.53.
Kevin Mansell, Kohl's president and chief executive officer, commented, "Customer purchases continue to be need-based, as evidenced by our stronger performance in children's and in more weather-sensitive regions. We continue to effectively manage inventory, merchandise margins and expenses appropriately to sales trends."
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