Kohl’s Corporation (KSS – Free Report), a department store chain that operates specialty department stores and an e-commerce site in the United States, delivered third-quarter fiscal 2017 adjusted earnings of 70 cents per share, declined nearly 13% year over year and lagged the Zacks Consensus Estimate of 72 cents per share.

Following the third quarter, the company narrowed its adjusted earnings view for fiscal 2017. It now anticipates adjusted earnings per share in the range of $3.60-$3.80, compared to $3.50-$3.80 per share guided earlier.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been stable in the last 30 days. If we look at Kohl’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 18%, with a beat in each quarter.

Kohl’s Corporation Price and EPS Surprise

Kohl’s Corporation Price and EPS Surprise | Kohl’s Corporation Quote

Revenue: Kohl’s generated total revenue of $4,332 million that rose 0.1% year over year, and topped the Zacks Consensus Estimate of $4,296 million. The company’s comparable store sales reflected strong traffic momentum witnessed in the first half of fiscal 2017 and improved 0.1%, as against a decline of 0.4% in the preceding quarter and 1.7% drop in the year-ago quarter. Comps gained from a solid back-to-school season, offset by disruptions from hurricanes and unseasonable weather in middle of the quarter.

Zacks Rank: Currently, Kohl’s has a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.

Stock Movement: Shares declined nearly 7.5% during pre-market trading hours following the soft third-quarter fiscal 2017 results and narrowed fiscal 2017 guidance.

Print Friendly, PDF & Email

Related Posts