InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Kohl's Corporation (NYSE: KSS ) has released its earnings report for the fourth quarter of 2016.
During the fourth quarter of the year, Kohl's Corporation reported revenue of $6.21 billion. This is a decrease over the revenue of $6.39 billion that it reported during the same time last year. The company's revenue for the quarter was also just below Wall Street's estimate of $6.22 billion.
"Sales results were weak for the quarter in total, driven by declines in brick and mortar traffic, and offset somewhat by strength in online demand," Kevin Mansell, Chairman, President and CEO of Kohl's Corporation, said in a statement .
Kohl's Corporation reported net income of $252 million in the fourth quarter of 2016. The department store operator reported net income of $296 in the same period of the year prior.
Kohl's Corporation has also declared a quarterly dividend to its shareholders. The company will be paying a dividend of 55 cents per share to investors on March 22, 2017. The dividend will be for investors on record as of march 8, 2017 and is a 10% increase over the company's previous quarterly dividend.
Kohl's Corporation also released its initial guidance for 2017 in its most recent earnings report. KSS is expecting to see earnings per share between $3.50 to $3.80 for the year. Wall Street is expecting the company to report earnings per share of $3.72 in 2017.
KSS stock was up 1% as of Thursday morning, but is down 14% year-to-date.
More From InvestorPlace
- 7 Dividend Stocks for the Retirement You Deserve
- 7 Marvelous Mid-Cap Stocks to Buy for the Best of All Worlds
- 10 Super-Safe Dividend Growth Stocks to Buy Today
The post Kohl's Corporation (KSS) Reports Q4 Earnings Beat appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.