Kohl’s shares rise on small same-store sales increase
March 5, 2019
Kohl’s posted a one percent increase in same-store sales during the fourth quarter, ahead of the 0.3 percent consensus among analysts, as the chain reported strong foot traffic to stores. The retailer’s shares jumped five percent in premarket trading as Kohl’s forecast earnings per share between $5.80 and $6.15 for 2019. Analysts expected the retailer to post a gain of $5.77 per share.
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