Kohl's Corp. Reports Sales Results for the Month, Quarter to Date and Year to Date Ended December 29, 2012; Revised Earnings Guidance for the Fourth Quarter and Full Fiscal Year 2012
January 03, 2013 at 01:30 pm
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Kohl's Corp. reported sales results for the month, quarter to date and year to date ended December 29, 2012. For the month, the company's total sales increased 4.0% to $3,374 million from $3,246 million for the same period last year. Comparable store sales increased 3.4% over the same period last year.
For the quarter to date, the company's total sales increased 0.7% to $5,210 million from $5,176 million for the same period last year. Comparable store sales increased 0.1% over the same period last year.
For the year to date, the company's total sales increased 1.0% to $18,147 million from $17,962 million for the same period last year. Comparable store sales decreased 0.3% over the same period last year.
The company revised earnings guidance for the fourth quarter and full fiscal year 2012. As a result of its quarter-to-date performance, the company expects diluted earnings per share of $1.60 to $1.62 for the fourth quarter of 2012 compared to its previous guidance of $2.00 to $2.08 for the fourth quarter of 2012.
For the year, the company expects diluted earnings per share of $4.11 to $4.13 for fiscal 2012 compared to its previous guidance of $4.52 to $4.60 for fiscal 2012.
Kohl's Corporation is an omnichannel retailer. The Company operates approximately 1,174 stores and a Website (www.Kohls.com). The Companyâs Kohl's stores and Website sell private and national brand apparel, footwear, accessories, beauty, and home products. Its Kohl's stores generally carry a consistent merchandise assortment with some differences attributable to local preferences, store size, and Sephora at Kohl's shop-in-shops (Sephora shops). Its Website includes merchandise which is available in its stores, as well as merchandise that is available only online. Its merchandise mix includes both national brands and private brands that are available at Kohl's. Its private portfolio includes various brands, such as Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, and brands that are developed and marketed through agreements with nationally recognized brands, such as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.
Kohl's Corp. Reports Sales Results for the Month, Quarter to Date and Year to Date Ended December 29, 2012; Revised Earnings Guidance for the Fourth Quarter and Full Fiscal Year 2012