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Kohl's shares tank on earnings miss, retailer cuts fiscal 2019 earnings outlook

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'The quarter started off positive in August with another successful back-to-school season and ended strong in October,' CEO Michelle Gass said.

The department store chain also trims its profit outlook for fiscal 2019.Justin Sullivan | Getty Images News | Getty Images

Net income during the period ended Nov. 2 fell to $123 million, or 78 cents per share, compared with $161 million, or 98 cents a share, a year ago. Excluding one-time items, Kohl's earned 74 cents per share, short of expectations for 86 cents, based on Refinitiv data. Sales at Kohl's store open for at least 12 months and from its website were up 0.4%, short of expected growth of 0.8%.

 

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