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Kohl's shares slide on rising expense concerns [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 shares slide on rising expense concerns | Reuters 3 Min Read NEW YORK (Reuters) - Kohl’s Corp ( KSS.N ) shares fell more than 6 percent on Thursday after the retailer forecast first-quarter earnings below Wall Street’s expectations, partly due to higher costs, taking the shine off strong sales for the holiday shopping period. Earnings per share will be between 45 cents and 50 cents per share for the first quarter, Chief Financial Officer Bruce Besanko said on a call to discuss the company’s latest quarterly results, affected by higher spending on migration of its data to the cloud and investments in stores and getting items to online buyers. Analysts on average had expected earnings per share of 55 cents, according to Thomson Reuters I/B/E/S. The company said sales, general and administrative expenses would rise in the mid-single digits for the quarter. Analysts had estimated a rise of 2.65 percent. Kohl’s is working to lure back department store customers that have defected [Read more]

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