Kohl’s: Fiscal 4Q Earnings Snapshot
MENOMONEE FALLS, Wis. (AP) _ Kohl’s Corp. (KSS) on Tuesday reported fiscal fourth-quarter earnings of $265 million.
The Menomonee Falls, Wisconsin-based company said it had profit of $1.72 per share. Earnings, adjusted for asset impairment costs, came to $1.99 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The department store operator posted revenue of $6.83 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $6.81 billion.
For the year, the company reported profit of $691 million, or $4.37 per share. Revenue was reported as $19.97 billion.
Kohl’s expects full-year earnings in the range of $4.20 to $4.60 per share.
Kohl’s shares have decreased 25% since the beginning of the year, while the Standard & Poor’s 500 index has declined almost 6%. The stock has declined 44% in the last 12 months.