Kohl's Third-Quarter Earnings Meet Street Estimates

Before you go, we thought you'd like these...
Before you go close icon
Kohl's Corp. (KSS) reported earnings of 63 cents per share for the quarter ended Oct. 30, unchanged from a year earlier.

The department store operator said net sales rose 4.1% to $4.2 billion. Sales at stores open at least one year rose 1.8%, the company said in a statement.

"We are pleased with our financial results for the third quarter," CEO Kevin Mansell said. "This sales performance, along with strong inventory management, allowed us to continue to increase our gross margin rate."

Sponsored Links
For the fourth quarter, Kohl's expects total sales to grow between 4.5% and 6.5%. The company expects comparable store sales to rise between 2% and 4%.

Earnings are expected to be in the range of $1.51 per share to $1.59 per share in the fourth quarter.

The earnings news sent Kohl's shares 1.4% higher in after-hours trading.
Read Full Story

Markets

S&P 500 2,394.16 5.55 0.23%
DJIA 21,047.57 51.45 0.24%
NASDAQ 6,030.00 4.51 0.07%
DAX 12,472.80 5.76 0.05%
NIKKEI 225 19,289.43 210.10 1.10%
HANG SENG 24,578.43 122.49 0.50%
USD (per EUR) 1.09 -0.01 -0.54%
USD (per CHF) 1.00 0.00 0.24%
JPY (per USD) 111.54 0.50 0.45%
GBP (per USD) 1.28 0.00 0.03%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

This Real-Life Barber May Have Inspired The Musical 'Sweeney Todd' - And His Crimes Were This Real-Life Barber May Have Inspired The Musical 'Sweeney Todd' - And His Crimes Were
Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport
This Photographer Brilliantly Documented Crime on the Mean Streets of New York City This Photographer Brilliantly Documented Crime on the Mean Streets of New York City