KSS Kohls Corporation

   By Allison Prang 
 

Kohl's Corp.'s (KSS) net income fell as comparable sales declined more than Wall Street guided, but the company reaffirmed its adjusted earnings expectations for the fiscal year.

Profit was $241 million, down 17% from the comparable quarter a year prior. Earnings were $1.51 a share, down from $1.76 a share.

Adjusted earnings were $1.55 a share. Analysts polled by FactSet were expecting $1.53 a share.

Net sales were $4.17 billion, down 3.3%. Analysts were expecting $4.21 billion.

The company said comparable sales fell 2.9%. Analysts polled by Consensus Metrix were expecting them to fall 2.4%.

Kohl's reaffirmed its expectations adjusted earnings for the fiscal year.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

August 20, 2019 07:28 ET (11:28 GMT)

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