Join today and be part of the best free investment newsletter on the web where we focus on market moving news.
Kohl's Corp. (NYSE:KSS) announces increasing financial earnings due to strong sales in the fourth quarter. Kohl’s, known for its reasonably priced products, delivered a full-year prediction which was somewhat accurate to Wall Street's expectations. But its first-quarter earnings were below analyst’s anticipation. It offered a guarded sales approach for the year along with an indecisive economy. Shares elevated to $2.49, almost 5 percent, to $54.08 as results beat Wall Street predictions.
"Demand will continue to be weak throughout 2010 and sales will be fueled by taking market share away from rivals”, Kevin Mansell, Kohl's president, Chairman and CEO told investors.
You can contact us during market hours at 1-888-9-ClubGrand (1888-925-8247) or via email at staff@wallstreetgrand.com .Gerard@WallStreetGrand.com
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
Disclaimer:
Wall Street Grand LLC has not been compensated by the company for this press release and does not expect to be compensated in the future for any type of awareness. To read our full disclaimer clicks the link http://www.wallstreetgrand.com/disclosure.html.
