Kohl's posts quarterly comps decrease

MENOMONEE FALLS, Wis. Kohl’s reported results for the quarter ended Nov. 1 of $160.2 million, or 52 cents per diluted share, compared with $194 million, or 61 cents per diluted share, a year ago. Net sales were $3.8 billion, a decrease of 0.6% for the quarter.

Comparable-store sales for the quarter decreased 6.7%.

For the fourth quarter, assuming comparable-store sales of negative 8% to negative 12%, the company would expect earnings per diluted share of 90 cents to $1.05 versus previous guidance of $1.26 to $1.34 per diluted share. This would result in earnings per diluted share of $2.69 to $2.84 for fiscal 2008.