Kohl’s provides FY14 earnings update

REPORT_ Kohl’s Corporation updating its FY 2014 earnings per share guidance said, it expects comparable sales to decrease 1.4 percent in the third quarter, since October sales have been softer than the balance of the quarter.Geographically, the company expects sales to be consistent across all regions. E-Commerce sales are expected to increase over 30 percent.

Based on actual sales to date, the company expects its 2014 diluted earnings per share to be at the low end of its prior guidance, which was previously 4.05 dollars to 4.45 dollars per diluted share.

By line of business, the company expects children’s category to report comparable sales increases for the quarter. Accessories, footwear and men’s categories are expected to report lower sales, but to outperform the company average. Home and women’s segments are expected to underperform the company average.

On October 29, 2014, the Kohl’s executive leadership team will gather with investors to share its vision for multi-year growth.