Market Report -- In Play (KSS)

November 12, 2009 7:03 AM ET

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Stocks mentioned in this article: Kohl's Corp (KSS) Stock Quote, Chart, News, Add to Watchlist
Related topics: Movers

Kohl's beats by $0.02, beats on revs; guides Q4 EPS below consensus Reports Q3 (Oct) earnings of $0.63 per share, $0.02 better than the First Call consensus of $0.61; revenues rose 6.5% year/year to $4.05 bln vs the $4 bln consensus. Co issues downside guidance for Q4, sees EPS of $1.14-1.24 vs. $1.25 consensus. For the fourth quarter, the Company expects total sales to increase between 3 and 6 percent (we calculate this to be revs of $5.39-5.55 bln vs the $5.57 bln consensus); comparable store sales to range between negative 1 and positive 2 percent; and gross margin as a percent of sales to increase 50 to 60 bps over last year. Comparable store sales for the third quarter increased 2.4 percent.

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