We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Kohl's (KSS) Stock Soars Over 13% on Strong Q3 Earnings
Read MoreHide Full Article
On Thursday, shares of large department store chain Kohl’s Corporation (KSS - Free Report) are soaring, up over 13% in morning trading after the company reported strong earnings in its fiscal 2016 third quarter financial results.
Kohl’s posted earnings of 80 cents per share (excluding 3 cents from non-recurring items), surpassing the Zacks Consensus Estimate of 67 cents per share. Revenues came in at $4.33 billion, also beating our consensus estimate of $4.28 billion. Kohl’s comparable store sales decreased 1.7% compared to an increase of 1.0% in the prior year quarter.
Looking ahead, Kohl’s reaffirmed its previous fiscal 2016 diluted earnings per share guidance of $3.12 to $3.32; including store closings and other costs diluted EPS is expected to be $3.80 to $4.00.
The company ended its third quarter with 1,155 Kohl’s stores (compared with 1,166 Kohl’s stores at the same time last year), 12 FILA Outlet stores, and three Off-Aisle clearance centers in 49 states.
Other department store giant Macy’s Inc. (M - Free Report) also reported its fiscal 2016 third quarter earnings before the bell this morning. The company beat top line estimates but lagged behind bottom line estimates. Currently, M stock is up over 9% in morning trading.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Kohl's (KSS) Stock Soars Over 13% on Strong Q3 Earnings
On Thursday, shares of large department store chain Kohl’s Corporation (KSS - Free Report) are soaring, up over 13% in morning trading after the company reported strong earnings in its fiscal 2016 third quarter financial results.
Kohl’s posted earnings of 80 cents per share (excluding 3 cents from non-recurring items), surpassing the Zacks Consensus Estimate of 67 cents per share. Revenues came in at $4.33 billion, also beating our consensus estimate of $4.28 billion. Kohl’s comparable store sales decreased 1.7% compared to an increase of 1.0% in the prior year quarter.
Looking ahead, Kohl’s reaffirmed its previous fiscal 2016 diluted earnings per share guidance of $3.12 to $3.32; including store closings and other costs diluted EPS is expected to be $3.80 to $4.00.
The company ended its third quarter with 1,155 Kohl’s stores (compared with 1,166 Kohl’s stores at the same time last year), 12 FILA Outlet stores, and three Off-Aisle clearance centers in 49 states.
Other department store giant Macy’s Inc. (M - Free Report) also reported its fiscal 2016 third quarter earnings before the bell this morning. The company beat top line estimates but lagged behind bottom line estimates. Currently, M stock is up over 9% in morning trading.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>