Kohl’s Earnings: Here’s Why Shares are Down Now
Kohl’s Corp. (NYSE:KSS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3.65%.
Kohl’s Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 8.29% to $1.66 in the quarter versus EPS of $1.81 in the year-earlier quarter.
Revenue: Rose 5.38% to $6.34 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Kohl’s Corp. reported adjusted EPS income of $1.66 per share. By that measure, the company beat the mean analyst estimate of $1.63. It beat the average revenue estimate of $6.24 billion.
Quoting Management: Kevin Mansell, Kohl’s chairman, president and chief executive officer, said, “Sales for the fourth quarter developed very late and, as a result, came at a cost to profitability. We were, however, able to end the quarter with levels of inventory appropriate for a strong transition to Spring. Our associates across the company did an excellent job in managing expenses throughout the year.”
Key Stats (on next page)…