Kohl’s Corporation reported comps increased 10.2 percent in April, led by Accessories, Home and Children’s. Total sales increased 12.1 percent. The retailer said it sees first-quarter earnings coming in at the higher end of its recent guidance.
For the quarter and year-to-date period, total sales increased 3.1 percent and comparable store sales increased 1.3 percent.
Kevin Mansell, Kohl’s chairman, president and chief executive officer, commented, “From a line of business perspective, Accessories, Home and Children’s outperformed the company average for the month. The Southeast and West regions reported the strongest comparable sales for the month.”
The company expects its first quarter earnings to be toward the high end of its previous guidance of 68 cents to 73 cents per diluted share.
The company opened nine new stores in March 2011 and now operates 1,097 stores in 49 states, compared to 1,067 stores at the same time last year.
