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Kohl’s Corporation (KSS - Free Report) is a U.S. based department store chain that operates specialty department stores and an e-commerce site in the U.S. The department store appeals to middle-class consumers as it sells discounted branded and private label clothing and home goods.
Kohl’s has been struggling hard since more than one year, owing to a challenging retail/sales environment in the U.S. A general slowdown in consumer spending and a highly competitive promotional environment has also been impacting the profits. Though Kohl’s continuous efforts to improve its business coupled with its strategic initiative "the Greatness Agenda" is expected to improve sales of the company over the long term, but the initiative is generating weaker returns in the near term which is a concern. Due to this, investors are eagerly awaiting Kohl’s earnings report.
Investors should also note the recent earnings estimate revisions for KSS, as the consensus estimate has been moving downwards over the past 30 days. KSS has a mixed history in earnings season. KSS has delivered positive surprise in two of the last four quarters, with negative surprise in the remaining two, making for an average negative surprise of 2.35%.
Currently, KSS has a Zacks Rank #4 (Sell), but that could definitely change following Kohl’s’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: KSS posted earnings of $1.22 per share, beating our consensus of $1.04 per share. Investors should note that these figures take out stock option expenses.
Revenue: KSS posted revenues of $4.182 billion, beating our consensus estimate of $4.158 billion.
Key Stats to Note: Kohl’s’ comparable store sales decreased 1.8%, as against an increase of 0.1% in the year ago quarter.
Stock Price: Shares remained inactive in the pre-market trading.
Check back later for our full write up on this KSS earnings report later!
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Kohl's Corp. (KSS) Beats Q2 Earnings and Revenue
Kohl’s Corporation (KSS - Free Report) is a U.S. based department store chain that operates specialty department stores and an e-commerce site in the U.S. The department store appeals to middle-class consumers as it sells discounted branded and private label clothing and home goods.
Kohl’s has been struggling hard since more than one year, owing to a challenging retail/sales environment in the U.S. A general slowdown in consumer spending and a highly competitive promotional environment has also been impacting the profits. Though Kohl’s continuous efforts to improve its business coupled with its strategic initiative "the Greatness Agenda" is expected to improve sales of the company over the long term, but the initiative is generating weaker returns in the near term which is a concern. Due to this, investors are eagerly awaiting Kohl’s earnings report.
Investors should also note the recent earnings estimate revisions for KSS, as the consensus estimate has been moving downwards over the past 30 days. KSS has a mixed history in earnings season. KSS has delivered positive surprise in two of the last four quarters, with negative surprise in the remaining two, making for an average negative surprise of 2.35%.
Currently, KSS has a Zacks Rank #4 (Sell), but that could definitely change following Kohl’s’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: KSS posted earnings of $1.22 per share, beating our consensus of $1.04 per share. Investors should note that these figures take out stock option expenses.
Revenue: KSS posted revenues of $4.182 billion, beating our consensus estimate of $4.158 billion.
Key Stats to Note: Kohl’s’ comparable store sales decreased 1.8%, as against an increase of 0.1% in the year ago quarter.
Stock Price: Shares remained inactive in the pre-market trading.
Check back later for our full write up on this KSS earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>