MENOMONEE FALLS, Wis. (AP) — MENOMONEE FALLS, Wis. (AP) — Kohl’s Corp. (KSS) on Thursday reported a loss of $14 million in its fiscal first quarter.
On a per-share basis, the Menomonee Falls, Wisconsin-based company said it had a loss of 13 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The department store operator posted revenue of $3.17 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $3.16 billion.
Kohl’s expects full-year earnings in the range of $1 to $1.60 per share.
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