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Q4FY17 net declines 15% at Kohl's Corporation
28
Feb '17
For the three months ended January 28, 2017, reported net income at apparel retailer Kohl’s Corporation declined 15 per cent to $252 as against $296 in the prior fiscal’s fourth quarter. In the fourth quarter of fiscal 2017, diluted earnings per share amounted to $1.44, a decrease of 9 per cent as compared to $1.58 in the earlier year’s same quarter.

In the reporting quarter, total sales fell 2.8 per cent to $6,205 vis-à-vis $6,387 in the fourth quarter of fiscal 2016, while comparable store sales also dipped 2.8 per cent.

Gross margin grew 33 basis points to 33.4 per cent in the quarter under review versus 33.1 per cent in the previous fiscal’s corresponding quarter. (AR)

Fibre2Fashion News Desk – India


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