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Stock impact report

Kohl's stock sinks after profit and same-store sales miss, slashed profit outlook [MarketWatch]

Kohl's Corporation (KSS) 
Last kohl's corporation earnings: 3/3 07:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.kohls.com/investors
Company Research Source: MarketWatch
Kohl's stock sinks after profit and same-store sales miss, slashed profit outlook Shares of Kohl's Corp. KSS, -1.08% plunged 10% toward a 16-month low in premarket trade Tuesday, after the discount retailer reported fiscal first-quarter earnings and same-store sales that missed expectations and slashed its full-year profit outlook. Net income for the quarter to May 4 fell to $62 million, or 38 cents a share, from $75 million, or 45 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share declined to 61 cents from 64 cents, below the FactSet consensus of 68 cents. Total revenue fell 2.9% to $4.09 billion, topping the FactSet consensus of $3.95 billion, while same-store sales fell 3.4% to miss expectations of a 0.1% decline. The company cut its full-year adjusted EPS guidance range to $5.15 to $5.45 from $5.80 to $6.15. "The year has started off slower than we'd like, with our first quarter sales coming in below our expectation," said C Show less Read more
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