Kohl's April Comparable Store Sales Down 3.5%
Kohl's Corporation (NYSE: KSS) reported today that for the four-week month ended April 28, 2012 total sales decreased 1.9 percent and comparable store sales decreased 3.5 percent from the four-week month ended April 30, 2011.
For the quarter and year-to-date period, total sales increased 1.9 percent and comparable store sales increased 0.2 percent.
Kevin Mansell, Kohl's chairman, president and chief executive officer, commented, “As expected, warm March weather and an early Easter, contributed to a decline in April's sales. Home, Accessories and Men's all reported positive comparable store sales. From a regional perspective, the Midwest, Northeast, South Central and West outperformed the Mid-Atlantic and Southeast regions.”
The Company remains comfortable with its first quarter earnings guidance of $0.60 cents per diluted share.
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