Kohl's Corporation (KSS), d.b.a. Kohl's, is an American department store retail chain. The first Kohl's store was a supermarket founded by Maxwell Kohl in Milwaukee in 1946. The company's first department store opened in September 1962. British-American Tobacco Company took a controlling interest in the company in 1972 and in 1979 the Kohl family left the management of the company. A group of investors purchased the company in 1986 from British-American Tobacco and took it public in 1992. Kohl's is the second largest department store by retail sales in the United States after Macy's.
Reported before open today (5/12/16) Earnings: EPS $0.31 Revenue $3.972B Estimates: EPS $0.36 Revenue $4.124B Down 11.28% so far today
Kohl's quarterly profit beats estimates, shares rise Nov 10 (Reuters) - Department store operator Kohl's Corp reported a better-than-expected quarterly profit, helped mainly by cost-cutting, and the company reaffirmed its full-year profit forecast. The company's shares were up 7.7 percent at $49.20 in premarket trading on Thursday. Shares of Macy's Inc, due to report earnings later on Thursday, were up 1.6 percent. Kohl's, which largely caters to low- to middle-income customers, has been closing underperforming stores to cut costs. The company also managed inventories tightly, keeping a lid on discounting. Gross margins rose 2 basis points to 37.1 percent, while selling, general and administrative expenses fell 2 percent.
Analyst Upgrade/Downgrade Update Brokerage firm: Citigroup Change: Upgrade Previous Rating: Neutral Current Rating: Buy Previous Price Target: N/A Current Price Target: N/A
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KSS Q4: Consensus EPS $1.3. Amid sluggish sales,dismal profit guidance,will it be a positive earnings surprise?
Kohl's shares tumble on holiday sales results Kohl's says 2018 holiday same-store sales rose 1.2 percent. That's compared with growth of nearly 7 percent in 2017. The retailer also boosts its profit outlook for fiscal 2018. Kohl's on Thursday reported holiday sales growth that paled in comparison to its results in 2017, sending shares tumbling. The retailer said sales at its stores and website operating for at least 12 months, on a shifted basis, rose 1.2 percent over the 2018 holiday shopping season. That's compared with growth of nearly 7 percent during the same time a year before. Kohl's shares tumbled more than 6 percent in pre-market trading on the news, as the weaker sales growth wasn't enough to appease investors, even as Kohl's raised its full-year profit outlook. CEO Michelle Gass said in a statement the company was pleased with reporting a "very strong holiday" on top of "last year's exceptional holiday season." She added the retailer saw double-digit sales growth online this past November and December. For Kohl's, sales gains were "much more difficult to attain this year" after the company had such a strong holiday season in 2017, GlobalData Retail Managing Director Neil Saunders said. "The main takeaway from Kohl's numbers is not that growth has come down a bit. ... Rather it is that Kohl's is executing and delivering in a consistent way with some good progress on both the top and bottom lines." Gass had told CNBC last November that Kohl's hit a record day for digital sales on Thanksgiving, as it kicked off many of its Black Friday deals on its website at midnight that morning. She said Kohl's was seeing huge traffic coming from mobile devices, as shoppers were looking to scoop up apparel and kitchen appliances. Kohl's has, meanwhile, been called out by analysts as one company expected to have benefited this past holiday season amid Sears' bankruptcy and Toys R Us' liquidation. Based on Thursday's results, Kohl's said it now expects fiscal 2018 diluted earnings per share to fall within a range of $5.50 to $5.55, up from a prior range of $5.35 to $5.55. Analysts had been calling for earnings of $5.52 per share, according to a poll by Refinitiv. Kohl's said it will share more details about its holiday performance when it reports fourth-quarter earnings on March 5.
Nice rebound from yesterdays sell off, but this is probably not the turn around bulls are waiting for just yet.
I feel like this is the only older retail clothing store that's not dying, even though they had bad numbers. Ask any guy at work where he got his khakis, jeans, polo, dress shirt, etc. and they usually say Kohls.