Credit: Shutterstock photoKohl's Corporation ( KSS ) 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.
Like most of the retailers, Kohl's has struggled hard in the past one year, owing to a challenging retail/sales environment in the U.S. Lower traffic in its stores disrupted its sales in the past. However, continuous efforts to improve its business coupled with its strategic initiative "the Greatness Agenda" is expected to turnaround sluggish results, as it focuses on increasing transactions per store and sales. 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 climbing higher sharply. 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 other two, making for an average surprise of negative 0.89%.
Currently, KSS has a Zacks Rank #2 (Buy), 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 $1.83 per share, better than our consensus of $1.80 per share. Investors should note that these figures take out stock option expenses.
Revenue: KSS posted revenues of $6.34 billion, beating our consensus estimate of $6.30 billion.
Key Stats to Note: Kohl's' comparable store sales increased 3.7%, compared with a decline of 2% in the prior-year period. This was driven by both transactions per store and average transaction value.
Stock Price: Inactive in pre-market trading .
Check back later for our full write up on this KSS earnings report later!
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KOHLS CORP (KSS): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
