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Kohl's crumbles after weak report and guidance cut

  • Kohl's (KSS) reports comp store sales fell more than anticipated during FQ3 which cut into its profitability noticeably.
  • Gross margin as a percentage of total sales fell 60 bps to 37.5%.
  • The company says it expects total sales to drop 2% to 4% for its FQ4 and lowers it outlook for FY13 EPS to $4.08-$4.23 from $4.15-$4.35. (PR)
  • KSS -9.1% premarket.
Comments (1)
  • Momintn
    , contributor
    Comments (3855) | Send Message
     
    Buy Macy's. M is still cheap.
    14 Nov 2013, 08:30 AM Reply Like
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