Kohl's revenue down 3.1% to $4,430 mn in Q2 2019

"We are pleased to report that our business strengthened as we progressed through the second quarter. Comparable sales were better than the first quarter and improved during the period, turning positive during the last six weeks of the second quarter with 1 per cent growth. This positive trend has continued into August driven by a successful start to the back-to-school season. We are confident that our upcoming brand launches, programme expansions, and increased traffic from the Amazon returns programme will incrementally contribute to our performance during the balance of the year and beyond," said Michelle Gass, Kohl's chief executive officer.

The company affirms its adjusted annual earnings per diluted share guidance of $5.15 to $5.45, which excludes $0.26 per diluted share related to Impairments, store closing and other costs recognised in the first six months of 2019. (PC)

Fibre2Fashion News Desk – India