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Kohl’s Fourth Quarter Earnings Call |
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Author: Albena Toncheva
123jump.com
Last Update: 4:26 AM EST March 03 2008
The department store chain reported revenue of $5.5 billion, a marginal increase of 0.7% from the prior year while the same store sales fell 4%, reflecting decreases in average transaction value of 1.3% and transactions per store of 2.7%. Kohl’s, which witnessed very broad acceptance of all three of its new brand introductions, proposes to launch a series of brand sin fiscal 2008 as well. For fiscal 2008, the firm assumes EPS in the range of $3.15 to $3.50, on sales growth of 5% to 8%. |
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