Kohl's Beats Profit And Sales Estimates, Raises Dividend

Kohl's Corp. reported a fiscal fourth-quarter profit of $369 million, or $1.83 a share, up from $334 million, or $1.56 a share, and above the FactSet consensus analyst estimate for earnings per share of $1.80. Revenue rose 3.9% to $6.34 billion, with same-store sales increasing 3.7%, compared with the FactSet consensus of $6.32 billion and 3.5%, respectively. The department store chain said it raised its quarterly dividend by 15% to 45 cents a share, payable on March 25 to shareholders of record as of March 11. For 2015, Kohl's expects EPS of $4.40 to $4.60 and same-store sales growth of 1.5% to 2.5%, surrounding the FactSet consensus of $4.55 and 1.7%, respectively. The stock, which was up 0.2% in light premarket trade, has rallied 21% over the past three months, outperforming the S&P 500's 2% gain.

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