NEW YORK (TheStreet) -- Kohl's(KSS Quote) was undoubtedly the winner in the department store sector this week -- just as users of TheStreet expected it would be.
According to our weekly poll, 39.5% of respondents said Kohl's would outperform the sector, and that it did. The department store posted a 20% jump in third-quarter profit, earning $193 million, or 63 cents a share. This easily topped Wall Street's expectations of 61 cents a share. Kohl's sales increased 6.5% to $4.1 billion, while same-store sales grew 2.4%. But despite the better-than-anticipated results, Kohl's fourth-quarter earnings could still come in shy of analysts' forecast. The company upped its outlook to $1.14 to $1.24 a share, against a consensus of $1.23 a share. Kohl's ended the week down 2% to $55.52- Loading Comments...
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