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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 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 6.19%.
Currently, KSS has a Zacks Rank #5 (Strong Sell). You can see the 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 $1.44 per share, beating our consensus of $1.32 per share. Investors should note that these figures take out stock option expenses.
Revenue: KSS posted revenues of $6.205 billion, almost in-line with our consensus estimate of $6.200 billion.
Key Stats to Note: Kohl’s’ comparable store sales decreased 2.2%, as against a decline of 1.7% in the preceding quarter.
Stock Price: Shares increased 3.16% 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 Q4 Earnings Despite Comps Decline
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 6.19%.
Currently, KSS has a Zacks Rank #5 (Strong Sell). You can see the 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 $1.44 per share, beating our consensus of $1.32 per share. Investors should note that these figures take out stock option expenses.
Revenue: KSS posted revenues of $6.205 billion, almost in-line with our consensus estimate of $6.200 billion.
Key Stats to Note: Kohl’s’ comparable store sales decreased 2.2%, as against a decline of 1.7% in the preceding quarter.
Stock Price: Shares increased 3.16% in the pre-market trading.
Check back later for our full write up on this KSS earnings report later!
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>