Based on those expectations and its results for the year-to-date, Kohl's said it now expects to post a fiscal 2012 profit of $4.52 to $4.60 per share, down from its previous prediction of $4.50 to $4.65 per share.
Analysts expect higher earnings of $4.62 per share.
Kohl's shares fell $2.30, or 4.2 percent, to $52.02 in midday trading Thursday. They are 22 percent above their 52-week low of $42.72 in late June. They traded as high as $56.66 almost a year ago.