Kohl's 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in