Reuters logo
Kohl's expects modest sales gains in new fiscal year
February 27, 2014 / 12:15 PM / 4 years ago

Kohl's expects modest sales gains in new fiscal year

Feb 27 (Reuters) - Kohl’s Corp said on Thursday that it expected modest sales gains in its new fiscal year and reported a lower fourth-quarter profit, hurt by markdowns during the holiday season and higher shipping costs in its e-commerce business.

Kohl’s forecast comparable sales, which include those online and at stores open at least a year, to range between unchanged and up 2 percent this year, with earnings of $4.05 to $4.45 per share.

The department store chain reported a profit of $334 million, or $1.56 per share, for the fourth quarter ended Feb. 1, down from $378 million, or $1.66 a share, a year earlier.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below