Back to top

Image: Bigstock

Kohl's Corp. (KSS) Beats Q1 Earnings Despite Comps Decline

Read MoreHide Full Article

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 two years, 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 7 days. KSS has a mixed history in earnings season. KSS has delivered positive surprise in three of the last four quarters, with negative surprise in the remaining one, making for an average positive surprise of 7.98%.

Currently, KSS has a Zacks Rank #4 (Sell). You can seethe complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. The Zacks Rank 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 39 cents per share, beating our consensus of 28 cents per share. Investors should note that these figures take out stock option expenses.

Revenue: KSS posted revenues of $3.843 billion, marginally lagging our consensus estimate of $3.864 billion.

Key Stats to Note: Kohl’s’ comparable store sales decreased 2.7%, as against a decline of 2.2% in the preceding quarter.

Stock Price: Shares were inactive in the pre-market trading.

Check back later for our full write up on this KSS earnings report later!

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere

1 billion iPhones in 10 years but a new breakthrough is expected to generate more

than 27 billion devices in just 3 years, creating a $1.7 trillion market.

 

Zacks has just released a Special Report that spotlights this fast-emerging

phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may

kick yourself in 2020. Click here for the 6 trades >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Kohl's Corporation (KSS) - free report >>

Published in