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Kohl's posts strong holiday sales, raises FY 2017 forecast

Reuters 

(Reuters) - Kohl's Corp posted a 6.9 percent increase in comparable-store sales for November and December, helped by strong holiday shopping traffic and higher online sales, leading the department store operator to raise its full-year profit forecast.The numbers compare to the 1-3 percent growth in holiday sales posted by rivals J.C. Penney Co Inc and Macy's Inc last week.Kohl's shares were up 6.8 percent at $58.05 before the bell on Monday.The company said it now expects its fiscal 2017 diluted earnings per share to come in between $4.10 and $4.20, versus its previous forecast of $3.72 to ...

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First Published: Mon, January 08 2018. 18:19 IST
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