Kohl's Reports Surprise Increase in Sales -- Earnings Review
22 May 2018 - 10:44PM
Dow Jones News
By Imani Moise
Kohl's Corp. (KSS) reported first-quarter earnings before the
opening bell Tuesday. Here's what you need to know:
REVENUE: The retailer reported a surprise increase in sales as
revenue rose 3.5% to $4.21 billion. Analysts polled by Thomson
Reuters were expecting a 2.8% decline from a year ago.
EARNINGS: Profit also topped views coming in at 64 cents a share
on an adjusted basis, up from 39 cents a year ago. Analysts'
consensus was 50 cents a share. Including a loss on the
extinguishment of debt, the company reported earnings of 45 cents a
share.
COMPARABLE SALES: Same-store sales rose 3.6%, compared with a
2.7% increase forecast by Consensus Metrix.
GUIDANCE: The company now expects full-year adjusted earnings of
$5.05 to $5.50 a share, compared with its prior guidance of $4.95
to $5.45.
STOCK MOVE: Shares, up 21% so far this year, jumped another 5.4%
to $69 during premarket trading.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
May 22, 2018 08:29 ET (12:29 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Kohls (NYSE:KSS)
Historical Stock Chart
From Apr 2024 to May 2024
Kohls (NYSE:KSS)
Historical Stock Chart
From May 2023 to May 2024