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Filing in Focus: Kohl’s 8-K, November 14, 2013
Kohl’s Corp. (KSS) announced its financial results for the third quarter of fiscal year 2013, reporting an 18% decline in profits. Sales dipped 1% to $4.4B while comparable-store sales, a key indicator because it includes stores open at least a year, fell 1.6%. Profit dropped from $215M to $177M, while earnings per share fell 11% from $0.91 to $0.81 per share. Chairman, President, and CEO Kevin Mansell commented that the company is ready for the holiday season and believes it is well-positioned for increased market share. At the end of the quarter Kohl’s store count totaled 1,158 stores in 49 states, up from 1,146 a year ago. Three stores were opened during the quarter while nine others were opened in the first quarter. Kohl’s lowered its annual earnings guidance from between $4.15 and $4.35 per share to between $4.08 and $4.23 per share.
I think this pos is going to tank. Everytime I go into one of their stores there is hardly anyone there. Then add that onto that Black Friday where sales are good but profit doesn't exist. So bought a bunch of puts and I'm waiting for the collapse in early December. I can see 48.00 at that time.