Kohl’s sales during the holiday shopping season declined from the year-ago period.
According to regulatory filing from Kohl’s, the retail chain’s comparable-store sales for fiscal November and December 2019 combined was -0.2% lower from the same period last year.
Kohl’s now anticipates its fiscal 2019 per-share earnings to be at the low end of its previously announced guidance of $4.75 to $4.95. The guidance excludes 22 cents a share related to debt and impairment write-offs, store closings and other costs. Analysts polled by FactSet were projecting full-year earnings of $4.88 a share.
CEO Michelle Gass indicated that Kohl’s continues to see momentum in areas such as digital business, active, beauty and children’s, and solid performance in footwear and men’s, while there was weakness in women’s which they are “working with speed to address.”