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UPDATE: Kohl's Posts Upbeat Q4 Profit, Issues Weak Forecast

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Kohl's (NYSE: KSS) reported a decline in its fiscal fourth-quarter profit.

Kohl's quarterly profit dropped to $378 million, or $1.66 per share, versus $455 million, or $1.81 per share, in the year-ago period.

Its sales climbed 5.4% to $6.34 billion, while comparable store sales increased 1.9%. However, analysts were expecting earnings of $1.64 per share.

Kohl's expects Q1 profit of $0.55 to $0.63 per share and full-year profit of $4.15 to $4.45 per share. However, analysts expected a profit of $0.65 per share for the first quarter and $4.48 per share for the year.

Kohl's also lifted its quarterly dividend by 9% to $0.35 per share.

Kohl's shares closed at $46.61 yesterday.

Posted-In: profitEarnings News Guidance Dividends

 

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