Tuesday, November 19, 2019

Same-store sales rise for Kohl's, but earnings guidance drops sharply and stock plunges

Milwaukee Journal Sentinel
Sales at established Kohl's Corp. stores rose modestly in the third quarter, but overall revenue was flat, earnings fell short of analysts' expectations and the company sharply lowered its projected annual profits.

The good news was a return to positive sales growth at stores open at least a year after two quarters of declines in the important retailing indicator. For the three months ended November 2, sales at such stores were up 0.4%.. . . more