Shares of Kohl's Corporation KSS climbed 8 percent to $48.90 on better-than-expected third quarter earnings amid strong back-to-school season.
Following is a gist of Kohl’s quarterly results:
- Kohl's Reports Q3 Adj. EPS $0.80 vs $0.70 Est., Sales $4.327B vs $4.33B Est.
- Kohl's Comps Down 1.7% in Q3
- Kohl's Reaffirms FY16 Adj. EPS $3.80-$4 vs $3.87 Est.
Kohl’s ended the quarter with 1,155 Kohl's stores, 12 FILA Outlet stores, and three Off/Aisle clearance centers in 49 states, compared with 1,166 Kohl's stores at the same time last year.
"We are pleased to see continued improvement in our sales trends. Our back-to-school season was strong, followed by a soft September, and progressive improvement throughout October. We are encouraged by these trends as we enter the Holiday season,” Kevin Mansell, Kohl's chairman, chief executive officer and president, said in a press release.
Shares of Kohl’s closed Wednesday’s session at $45.70.
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