Tags: Kohls | Profit | Sales | earnings

Kohl's Profit Edges Up, Sees Holiday Sales Rising

Thursday, 08 Nov 2012 08:12 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Kohl's Corp. reported a slightly higher third-quarter profit on Thursday, as sales perked up later in the period, and the department store operator forecast same-stores sales will rise during the current holiday quarter.

Kohl's, which has 1,146 stores, expects holiday quarter earnings of $2.00 per share to $2.08 per share, compared with the $2.16 Wall Street analysts had been expecting, according to Thomson Reuters I/B/E/S.

Editor's Note: Prepare for Financial Pearl Harbor -- See Surprising Video With Steve Forbes

The retailer, which competes most directly with Macy's Inc and J.C. Penney Co Inc, forecast sales at stores open at least year would be up 3 percent to 4 percent in the quarter that includes the Christmas period, an improvement over the 1.1 percent pace in the third quarter.

Kohl's posted a third-quarter profit of $215 million, or 91 cents per share, up slightly from $211 million, or 80 cents per share, a year earlier.

As previously reported, overall sales rose 2.6 percent to $4.49 billion.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved