Kohl's Corp. shares KSS, -8.12% slumped 4.9% in premarket trade Thursday, after the department store chain missed profit and sales estimates for its second quarter and guided to the low end of the range for full-year earnings. The company said it had net income of $130 million, or 66 cents a share, in the quarter, down from $232 million, or $1.13 a share, in the year-earlier period. Excluding a loss on the extinguishment of debt, per-share earnings came to $1.07, below the FactSet consensus of $1.16. Sales rose to $4.267 billion from $4.242 billion, but were below the FactSet consensus of $4.313 billion. "Our sales results were below our plan as the shift of sales in tax-free states from July into August was larger than anticipated," Chief Executive Kevin Mansell said in a statement. Looking ahead, Kohl's said it expects full-year EPS to come in at the low end of its $4.40 to $4.60 range, which compares with the current FactSet consensus of $4.52. Shares are down 0.8% in the year so far, while the S&P 500 has gained 1.2%.