kohls corp kss reported first quarter net income of 14 million or 11 cents per share after reporting 14 million or 9 cents per share last year sales of 3471 billion were down from 3662 billion the factset consensus was for eps of 69 cents and sales of 3684 billion following a strong start to the quarter with positive lowsingle digits comps through late march sales considerably weakened in april as we encountered macro headwinds related to lapping last years stimulus and an inflationary consumer environment said chief executive michelle gass in a statement we continue to expect our business to improve as the year progresses with growth in the second half as we benefit from the roll out of 400 additional sephora stores enhanced loyalty rewards and further investment in our stores gass says the company continues to review strategic alternatives with additional actionable bids coming due within weeks kohls is working with goldman sachs which kohls says has engaged with more than 25 parties kohls has rejected previous buyout offers kohls is guiding for fullyear sales to be flat to up 1 and eps n the range of 645 to 685 excluding nonrecurring charges the factset consensus is for sales of 18911 billion implying 24 growth and eps of 709 on wednesday the department store retailer announced the departure of two executives and last week shareholders rejected an activist proposal and reelected the companys board kohls stock slipped 33 in thursday premarket trading and is down 127 for the year to date