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.