243
Fashion Jobs
L'OREAL GROUP
Head of Advocacy & Influence - l’Oréal Dermatological Beauty - Copenhagen
Permanent · COPENHAGEN
ESTÉE LAUDER COMPANIES
District Manager (Funen/Jutland)
Permanent · AARHUS
ESTÉE LAUDER COMPANIES
Handelselev Med Speciale i Digital Handel - E-Commerce
Permanent · COPENHAGEN
ZIZZI
Online Buyer Til Fashion
Permanent · BILLUND
SAMSOE
Logistik Koordinator
Permanent · GLOSTRUP
ONLY
Business Controller
Permanent · BRANDE
ONLY
International Sales Manager
Permanent · BRANDE
JACK & JONES
Konstruktører, Jack & Jones og Jjxx
Permanent · BRANDE
BEST SELLER
Environmental Programme Coordinator
Permanent · KØBENHAVN K
BEST SELLER
Product Owner - Data-Driven Solutions & ai
Permanent · AARHUS
SELECTED FEMME/HOMME
Sales Representative
Permanent · BRANDE
L'OREAL GROUP
Key Account Relationship Specialist
Permanent · COPENHAGEN
SAMSOE
Business Controller (Sql And Data Analytics Specialist)
Permanent · COPENHAGEN
ACE & TATE
Optometrist Copenhagen i NY Østergade
Permanent · COPENHAGEN
VERO MODA
Business Controller
Permanent · AARHUS
VERO MODA
Buyer | Curve
Permanent · AARHUS
ONLY
Demand Planner
Permanent · BRANDE
L'OREAL GROUP
Supply Chain Graduate - l’Oréal Luxe Product Division - Copenhagen
Permanent · COPENHAGEN
KERING EYEWEAR
Kering Eyewear - Lindberg Junior Trade Marketing Manager
Permanent · AARHUS
ESPRIT
Area Manager Multilabel Nordic Women
Permanent · COPENHAGEN
ZIZZI
IT Operations Manager
Permanent · BILLUND
TJX EUROPE
Buying Coordinator
Permanent · COPENHAGEN
By
Reuters
Published
Nov 9, 2017
Download
Download the article
Print
Text size

Kohl's profit misses estimates on higher costs; shares fall

By
Reuters
Published
Nov 9, 2017

Department store operator Kohl’s Corp reported a lower-than-expected quarterly profit, hit by higher costs and store closures due to hurricanes, sending its shares down 7 percent and dragging the sector down.




Sales at Kohl’s stores open at least 12 months, however, returned to growth after six quarters of declines, surprising analysts who had expected another quarter of decline.

Department store chains have been struggling as fewer shoppers visit malls, opting for the convenience and savings that online shopping provides.

To counter that, Kohl’s has focused on revamping beauty departments at its stores and bringing in popular brands such as Under Armour.

Same-store sales rose 0.1 percent in the third quarter, while analysts had expected a decline of 0.7 percent, according to Thomson Reuters I/B/E/S.

The rebound in sales, however, was clouded by a 20 percent decline in net income as cost of merchandise sold and selling and general expenses increased.

Net sales were largely flat at $4.33 billion, while earnings per share came in at 70 cents per share. Analysts on average had expected a profit of 72 cents per share on revenue of $4.30 billion.

Kohl’s also increased the lower end of its profit forecast for the year ending January 2018. It now expects adjusted profit of $3.60 to $3.80 per share, compared with its previous forecast of $3.50 to $3.80.

Shares of upmarket rival Macy‘s, which is scheduled to report results later on Thursday, were down 2 percent.

© Thomson Reuters 2024 All rights reserved.