Kohl’s Blows Away January Sales Estimates

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

Kohls 1 300x198 Kohl's Blows Away January Sales Estimates[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.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/05/Kohls-1.jpg
  2. was a very good month: http://nz.finance.yahoo.com/news/kohls-jan-key-revenue-figure-150240715.html
  3. KSS: http://studio-5.financialcontent.com/investplace/quote?Symbol=KSS
  4. was named one of the top 50 online retailers: http://investorplace.com/2012/09/and-the-top-online-retailers-are/
  5. JCP: http://studio-5.financialcontent.com/investplace/quote?Symbol=JCP
  6. TGT: http://studio-5.financialcontent.com/investplace/quote?Symbol=TGT
  7. M: http://studio-5.financialcontent.com/investplace/quote?Symbol=M
  8. SHLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=SHLD

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