KSS - Surely has a better strategy than SHLD'
Down a buck some AH
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Kohl's Corporation Reports Earnings for Fourth Quarter and Fiscal 2007
Thursday February 28, 4:00 pm ET
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Kohl’s Corporation (NYSE:KSS - News). Kohl’s Corporation today reported results for the quarter and year ended February 2, 2008.
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Fourth Quarter Results
Kohl’s Corporation reported net income for the quarter ended February 2, 2008 of $411.7 million, or $1.31 per diluted share, compared with $484.6 million, or $1.48 per diluted share, a year ago. Net sales were $5.5 billion, an increase of 0.7 percent for the quarter. Comparable store sales for the quarter decreased 4.0 percent.
Fiscal 2006 consisted of 53 weeks, resulting in a 14-week fiscal fourth quarter. To provide a better measure of the Company’s business trends, the reported comparable store sales results for the quarter and the year compare the periods ended February 2, 2008 to January 27, 2007. The impact of the 53rd week on total sales was approximately $200 million.
2007 Fiscal Year Results |
