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Kohl's sales growth, 2018 outlook send shares higher [Reuters]

KOHL'S (KSS)  More Company Research Source: Reuters
Last kohl's earnings: 5/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.kohls.com/investors
PDF Kohl's sales growth, 2018 outlook send shares higher | Reuters 3 Min Read NEW YORK (Reuters) - Kohl’s Corp ( KSS.N ) on Thursday reported slightly stronger-than-expected comparable sales growth for the fourth quarter and gave a 2018 earnings outlook that exceeded analyst forecasts, sending shares higher in premarket trading. Kohl’s stood out against other department store operators during a robust U.S. holiday shopping season thanks to strong sales of Nike and Under Armour activewear, digital growth, new customers and a focus on rolling out exclusive items more quickly and tailoring them by market. The retailer said same-store sales rose 6.3 percent in the fourth quarter ended Jan. 27. Analysts on average had expected sales to rise 6.1 percent in stores open at least 12 months in the quarter, according to Thomson Reuters I/B/E/S. Shares were up 2.6 percent at $67.75 in premarket trading. Revenue of $6.78 billion slightly edged out analyst estimates and was up 9 percent from a year e [Read more]

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