Kohl's KSS reported a 4% drop in its second-quarter profit.
Kohl's quarterly profit declined to $231 million, from $240 million, in the year-ago period. Its per-share earnings climbed to $1.04 from $1.00.
Its sales increased 2% to $4.29 billion from $4.21 billion. However, analysts were estimating earnings of $1.04 per share on revenue of $4.3 billion.
Kohl's projects Q3 earnings of $0.83 to $0.92 per share on sales growth of 1% to 3%. The company now expects 2013 earnings of $4.15 to $4.35 per share, versus its earlier forecast of $4.15 to $4.45 per share.
Kohl's declared a quarterly dividend of $0.35 per share.
Kohl's shares closed at $50.84 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in