Kohls lowered its fourth-quarter EPS guidance

Kohl's lowered its fourth-quarter EPS guidance

US department store operator Kohl's has again lowered its full-year earnings forecast on the back of costs related to its e-commerce business.

In an update for the fourth quarter, Kohl's said comparable store sales dropped 2%. The company said January sales were "significantly" lower than planned as a result of lower traffic and low levels of clearance merchandise.

In addition, unanticipated expenses in servicing its e-commerce business led to higher than expected costs for the quarter.

As a result of the expenses, Kohl's has lowered its fourth-quarter diluted earnings per share estimates from $1.59 to $1.74 to around $1.53.