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MENOMONEE FALLS – Kohl’s Corp.
increased its earnings guidance Thursday and said its samestore
sales were up 3.5 percent last month.
Same-store sales track revenue in
stores open at least one year, and are considered an important gauge
of a retailer’s performance.
As a result of its April performance, the department store now
expects earnings to exceed its previous guidance of 40 cents per
share to 42 cents per share.
Sales from all stores increased 12 percent as the company this year
operated 957 stores in April, compared to 834 stores at the same
time last year.
For the quarter ended May 3, total sales increased 1.5 percent and
comparable store sales decreased 6.7 percent, the company said.
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