Kohl’s Blows Away January Sales Estimates

by Christopher Freeburn | February 7, 2013 11:17 am

[1]January was a very good month[2] for Kohl’s (NYSE:KSS[3]).

The retailer reported on Thursday that January same-store sales jumped to $1.13 billion, up 13.3%, from $844 million in the same time last year. That topped Wall Street estimates, which had had same-stores sales rising just 3.1% last month, the Associated Press noted.

This January included an extra week not included in last year’s data. Excluding that week, same-store revenue for the fourth-quarter rose 1.9% compared to last year. Revenue for the quarter climbed to $6.34 billion, up 6%, from $6.01 billion in the prior year. That matched analysts’ revenue forecasts of $6.3 billion for the quarter.

Kohl’s, which operates 1,146 stores across the country, noted that sales rose highest in Western states. All product categories, except footwear, showed a double-digit increase compared to last year.

In September, Kohl’s was named one of the top 50 online retailers[4] by the National Retail Federation. Kohl’s ranking topped traditional retail rivals, including JCPenney (NYSE:JCP[5]), Target (NYSE:TGT[6]), Macy’s (NYSE:M[7]) and Sears (NASDAQ:SHLD[8]).

Despite the good news, shares of Kohl’s fell almost 2% in Thursday morning trading.

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