The Three Quarter Revenue And Profit Exceeded Expectations.
Three quarter, department store retailer Kohl 'sCorp.
Rolls
Benefiting from super expected revenue and earnings data and falling costs, the company's share price jumped nearly 8%.
It is reported that Kohl's is a famous family oriented department store in the United States.
Kohl's, founded in 1962 by the Kohl family in Milwaukee, has been developing rapidly. Now, Kohl's stores in 40 states, and the number of stores is increasing every year.
Kohl's sells mainly to young mothers with young children. Most shops are located in urban areas where families live.
Shopping
Convenience and value for money.
By the end of the three quarter of October 29th, after the one-time item was deleted, Kohl 'sCorp.'s department store recorded a net profit of US $142 million, a decrease of 1% over the same period of 144 million a year, and the earnings per share recorded US $0.80, up 7% from the 0.75 us dollars in the same period last year, far exceeding the average US $ten expected by Zacks ten analysts.
In the three quarter, the group's actual EPS0.83 US dollar increased by 32% from 0.63 US dollars in the same period last year, far exceeding the ThomsonReutersI/B/E/S analyst's forecast of US $0.70, with a net profit of US $146 million, a 22% increase over the same period last year.
Kohl, sCorp., chairman, chief executive officer and chief executive officer of KevinMansell, said that the group's return to school season was strong, mild in September and improved in October.
He said the three quarter's performance was an encouragement to the upcoming holiday season, while satisfied with the decline in the group's cost.
The company said it would employ more than 69000 employees in the holiday season this year, unchanged from last year.
Recruitment Posts cover more than 1100 stores in 49 states, as well as distribution centers and credit.
business
Department.
The recruitment process has been officially launched since August, and most of the jobs will be completed in mid November.
In the three quarter, the sales cost of Kohl 'sCorp. cos was 2 billion 720 million US dollars, down 2.3% from 2 billion 784 million US dollars in the same period last year. The cost of sales in the first nine months was 7 billion 812 million US dollars, a decrease of 2.2% over the same period last year.
In the three quarter, Kohl 'sCorp.'s department store recorded $4 billion 327 million in revenue, down 2.3% from 4 billion 427 million euros in the same period last year, far exceeding the expected Zacks value of 4 billion 280 million US dollars, slightly exceeding the 4 billion 320 million US dollars expected by ThomsonReutersI/B/E/S analysts, while a 1.7% decline in the same store sales period, a 1% increase in the same period last year. The group sold a total of 12 billion 481 million dollars in the first nine months, with a decrease of 2.6%% compared with the same period last year.
By the end of the three quarter of October 29th, the Kohl 'sCorp. department store operated 1155 Kohl' s S stores, 12 FILAOutlet and 3 Off/Aisle discount stores, while the group operated 1166 Kohl 's stores during the same period last year.
Kohl 'sCorp. EPS3.80-4.00 maintains a profit of $EPS3.80-4.00 after adjustment for the whole year, and the actual EPS is expected to be US $3.12-3.32.
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