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Same-store sales drop at Kohl's for first fiscal quarter of 2019

Sari Lesk
Same-store sales drop at Kohl's for first fiscal quarter of 2019

Sales at established Kohl’s Corp. stores dipped 3.4% during the first fiscal quarter of 2019. Kohl’s now expects adjusted annual earnings per diluted share between $5.15 and $5.45, down from between $5.80 and $6.15. For the most recent quarter ended May 4, Kohl’s announced diluted earnings per share of 38 cents, lower than the 45 cents per share Kohl's reported at the same time the previous year.