Kohl's Corporation Studies November/December Sales and Upgrades 2016 Assistance

101
COMMENT

1.

Total earnings for the combined fiscal November and December span decreased 2.7 percent."Earnings were explosive throughout the vacation season.

Strong sales on Black Friday and throughout the week prior to xmas were offset by Comfort in ancient November and December," said Kevin Mansell, Kohl's chairman, ceo and president.In the lineup of industry point of view, Men, Home and foot wear would be the most powerful categories when Accessories had been the hardest.

But on a regional basis, the Southeast, both midatlantic and north east would be the most useful performing locations.

Fourth Quarter Earnings Release and Conference Call Earnings Guidance The business currently expects its fiscal 2016 diluted earnings per share to be ยฃ2.92 to ยฃ2.97 compared to its prior guidance of $3.12 to $3.32 per diluted share.

Excluding impairments, store closing and other costs, financial 20-16 diluted earnings per share is forecast to become $3.60 to $3.65 , down from the Company's previously stated guidance of $3.80 to ยฃ4.00 per diluted share.

The change in guidance is largely a consequence of lower than intended sales for the quarter.

Gross margin is projected to be lower than plan due to the mix and time of their earnings and also the competitive promotional atmosphere.

SG&A bills are estimated to become intended.

Inventories per-store by the close of the fourth quarter are projected to decline from previous year levels from the mid-to-high only digit selection.Cautionary Statement Concerning Forward Looking Data.

This press release contains "forward-looking statements" in the meaning of the Private Securities Litigation Reform Act of 1995.

Kohl's intends forward looking terminology such as "thinks," "expects," "may," "may," "ought to," "expects," "plans," or similar expressions to recognize statements that are forward.

Such statements are subject to certain risks and uncertainties, that might cause Kohl's actual results to differ materially from those predicted from the statements that are senile.

About Kohl's Kohl's KSS -4.21\% is a major specialty division retailer with over 1,100 outlets in 49 countries.

Having a devotion to inspirational and empowering family members to lead lives that are fulfilled, the company provides amazing national and exclusive titles, amazing cost savings and inspiring shopping experiences in-store, online at

and by way of cellular devices.

Committed for its own communities, Kohl's has raised nearly ยฃ 300 million for Kids ' initiatives nationally by its Kohl's Caresยฎ cause merchandise plan, which functions beneath Kohl's Cares, LLC, also a wholly-owned subsidiary of Kohl's Department Stores,