Kohl's shares jumped Tuesday after the company reported better-than-expected earnings and revenue during the fourth quarter.
Kohl's shares jumped more than 4 percent in premarket trading Tuesday after the company reported better-than-expected earnings and revenue during the crucial holiday shopping season.
div > div.group > p:first-child"> Sales at stores open for at least 12 months were also surprisingly improved, rising 1 percent during the fourth quarter over the previous year. Analysts expected a 0.3 percent increase in comparable store sales. "The positive momentum we've had all year continued as we achieved a 1 percent comp sales increase for the fourth quarter, resulting in a 1.7 percent increase for the year," Kohl's CEO Michelle Gass said in a press release."Building on the exceptional holiday we had in 2017, we've now achieved a 7 percent increase in the fourth quarter on a two-year basis."The retailer said it expects earnings per share for 2019 between $5.80 and $6.15 per share.
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