Kohl's Stock Faceplants After Company Lowers Guidance

Kohl's Corporation KSS reported slightly increased sales in fourth quarter and fiscal year 2015, but significantly lowered the retailer's 2016 guidance.

The company offered a fourth-quarter financial update Thursday ahead of its earnings report later this month. Total sales for the quarter were up 0.8 percent and fiscal year sales were up 1 percent.

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Chairman, CEO and president Kevin Mansell said that online sales were up 30 percent for the fourth quarter. However, sales growth couldn't mask a decline in earnings.

The company issued a guidance of $3.95 to $4.00, down from its last estimate of $4.40 to $4.60.

The company will offer its full fourth-quarter and fiscal year earnings in a report and conference call February 25, at which time it plans to update its 2016 guidance.

Kohl's stock was trading down around 15 percent before market open on Thursday.