Kohl's (KSS) Sept Comps Down 5.5%, Guides EPS To Low End

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."

You May Also Be Interested In

• Should you buy retail stocks “at optically cheap valuations”? Bernstein answers
• ManpowerGroup (MAN) Reports In-Line Q3 EPS; offers guidance
• JPM says this is the best placed stock as higher fuel costs hit European airlines