Kohl's Corp Issues Q3 2012 EPS Guidance In Line With Analysts' Estimates; Comments On Q3 2012 Revenue And Comparable Store Sales Guidance; Lowers FY 2012 EPS Guidance; Declares Quarterly Dividend

Kohl's Corp announced that for third quarter of 2012, it expects earnings per share in the range of $0.83 to $0.89 per diluted share. The guidance is based on total sales growth of 1% to 3% and comparable store sales growth of flat to 2% and includes expected third quarter share repurchases of $300 million. After incorporating its second quarter results and third quarter outlook, the Company now expects to earn $4.50 to $4.65 per diluted share for fiscal 2012 compared to its previous guidance of $4.75 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.87 on revenue of $4.49 billion for third quarter of 2012; EPS of $4.64 for fiscal 2012. The Company also announced that the board of directors have declared a quarterly cash dividend on the Company's common stock of $0.32 per share. The dividend is payable September 26, 2012 to shareholders of record at the close of business on September 5, 2012.