Kohl's Q3 sales marginally down by 1.6 percent

REPORT_ Kohl’s Corporation in its results for the third quarter and year-to-date period ended November 1, 2014 said that its sales for the quarter stood at 4,374 million dollars compared to 4,444 million dollars in the same quarter last year, representing a marginal decrease of 1.6 percent. Year-to-date sale were down 1.9 percent to 12,686 million dollars compared to 12,932 million dollars last year.

Comparable store sales for the quarter were down 20 percent from 177 million dollars, same quarter last year to 142 million dollars. Diluted earnings per share came down from 0.81 dollars last year to 0.70 dollars in the quarter under review.

On November 12, 2014, Kohl's Board of Directors declared a quarterly cash dividend on the company's common stock of 0.39 dollars per share. Kohl’s ended the quarter with 1,163 stores in 49 states, compared with 1,158 stores at the same time last year. During the quarter, the company opened stores in three new locations and reopened one store which had closed in the first quarter for a complete re-build.