Kohl's third-quarter profit falls 17 percent

MENOMONEE FALLS — Kohl's Corp. says its third-quarter profit fell 17 percent as revenue dropped amid a continued pullback in consumer spending.

The department store chain said Thursday it earned $160.2 million, or 52 cents per share, during the three-month period ending Nov. 1. That was down from the same period last year, when Kohl's earned $194 million, or 61 cents per share.

The earnings beat the expectations of analysts. Thomson Reuters had predicted earnings per share of 51 cents per share.

Revenue slipped less than 1 percent to $3.8 billion.

Same-store sales — a key figure in retailing that measures sales at stores open at least a year — fell 6.7 percent.

The company also lowered its guidance for the fourth quarter, assuming same-store sales fall between 8 and 12 percent, and lowered its outlook for the year.

Back To Top

	Kohl's 3rd-quarter profit falls 17 percent	Associated Press	Thu Nov 13	0
	Abercrombie & Fitch 3Q profit falls 46 percent	Associated Press	Thu Nov 13	0
	Wal-Mart's profit rises amid dreary retail picture	Associated Press	Wed Nov 12	0
	J.C. Penney 3Q profit falls by more than half	Associated Press	Fri Nov 14	0
	Outlooks point to painful holiday for retailers	Associated Press	Fri Nov 14	0