Kohl’s net sales decreased 1.7% in its fiscal first quarter
Kohl’s reported its best comparable sales performance in four years, with a 1.1% decline in comparable sales.
The retailer’s net sales decreased 1.7% to $3 billion, while its net loss was $14 million, or 13 cents per share.
Kohl’s reaffirmed its full-year outlook, expecting net sales and comparable sales to be in a range of down 2% to flat, with adjusted earnings per share of between $1 and $1.60.