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Additional Information
Market: NYSE
Sector: Retailers
EPIC: KSS
Latest Price: 48.66  (1.88% Ascending)
52-week High: 57.00
52-week Low: 42.60
Market Cap: 11,836.60M
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Kohl's Corporation
www.kohls.com

Kohl’s Corporation operates family-oriented department stores that sell apparel, footwear and accessories for women, men and children, soft home products, such as sheets and pillows, and housewares. The Company’s stores feature private and exclusive brands, which are found only at Kohl’s, as well as national brands.

Full Kohl's Corporation profile here
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Kohl’s Q4 sales down, outlook misses Street views

23rd Feb 2012, 9:56 am by Brad Lemaire
Kohl’s Q4 sales down, outlook misses Street views

Department store Kohl’s Corp. (NYSE:KSS) Thursday posted weaker-than-expected fourth quarter sales figures amid lower revenue at established stores, and also gave a first quarter outlook below analysts’ views.

The company, founded in 1962, sells national branded apparel, footwear and accessories for men and women as well as children.

For the quarter ended January 28, the company said revenues dropped to $6.01 billion, missing analysts’ target of $6.1 billion.

Net income slipped 7.89 percent ringing in at $455 million from $494 million. But on a per share basis, earnings rose nine percent to $1.81 a share from $1.66 per share, last year.

Kohl’s latest financial results beat average analysts’ estimates by one penny, according to Bloomberg.

Comparable store sales for the quarter decreased 2.1 percent. This is a key metric used to measure a retailer’s financial health for it excludes stores recently opened or closed during the year.

Quarterly gross margin narrowed to 36.2 percent from 36.8 percent.

The company reported that its board of directors declared a dividend of 32 cents a share, which will be paid on March 28.

The payout is a 28 percent increase over prior quarterly dividends.

Kohl’s opened 40 stores during the year bringing its total to 1,127 locations across 49 states, and also remodelled 100 stores.

For full-year 2012, the company predicts per share earnings of $4.75, and total sales increase of 4.5 percent. It sees same-store sales growth of two percent.

Analysts are expecting earnings of $4.29 per share.

For the first quarter, the retailer foresees per share earnings of 60 cents and a revenue increase in the range of three percent, with established store sales up one percent.

Analysts are expecting earnings of 77 cents per share.

Kohl’s share price slipped 4.56 percent to $49.81 apiece in morning trade in New York on Thursday.

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