Kohl’s Corporation Reports November/December Sales and Increases 2017 Diluted Earnings Per Share Guidance

Kohl’s Corporation (NYSE:KSS) today reported that its total and comparable sales for November and December 2017 combined (the “Holiday period”) increased 6.9% over the same period last year.

Kevin Mansell, Kohl’s chairman, chief executive officer and president, said, “We are very pleased with our Holiday period sales, which were consistently strong through November and December. All lines of business and all regions reported positive comp sales.  As expected, growth in digital demand accelerated significantly in the Holiday period from the year-to-date trend.  In addition, we experienced positive sales in our stores driven by stronger traffic. I’d like to thank every Kohl’s associate across the organization for their commitment to delivering an outstanding Holiday experience for our customers.”

Based on stronger than expected Holiday sales and expectations for fiscal January, the Company now expects its fiscal 2017 diluted earnings per share to be $4.10 to $4.20 versus its previous guidance of $3.72 to $3.92. Excluding the Company’s previously disclosed fourth quarter tax settlement of $30 million, diluted earnings per share is expected to be $3.98 to $4.08, compared to its prior guidance of $3.60 to $3.80.

https://corporate.kohls.com/news/archive-/2018/kohl-s-corporation-reports-november-december-sales-and-increases

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