Kohl's posts strong holiday sales, raises FY 2017 forecast


(Reuters) - Kohl's Corp posted a 6.9 percent increase in comparable-store sales for November and December, helped by strong holiday shopping traffic and higher online sales, leading the department store operator to raise its full-year profit forecast.The numbers compare to the 1-3 percent growth in holiday sales posted by rivals J.C. Penney Co Inc and Macy's Inc last week.

Kohl's shares were up 6.8 percent at $58.05 before the bell on Monday.The company said it now expects its fiscal 2017 diluted earnings per share to come in between $4.10 and.

This article is no longer available in our repository.

There could be multiple reasons for this.