Kohl's Ekes Out a Profit as Sales Tank

Kohl's (NYSE: KSS) blew away Wall Street's earnings expectations in the third quarter, reported Tuesday, posting a penny per share adjusted profit compared to the $0.43 per share loss analysts forecast, but revenue plunged 14% year over year as comparable store sales tumbled more 13%, both worse than expected.

The department store chain still feels it is well positioned for the coming Christmas shopping season and says sometime in the first half of 2021 it will reinstate the dividend payment it halted earlier this year due to the pandemic.

Image source: Kohl's.

Source Fool.com