Streetbeat News

KSS

Kohl's Corporation

https://www.Kohls.com

Industry

Department Stores

Kohl's Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang. As of March 21, 2022, it operated approximately 1,100 Kohl's stores and a website www.Kohls.com. Kohl's Corporation was founded in 1988 and is headquartered in Menomonee Falls, Wisconsin.

Open

17.82

Mkt cap

Volume

6.3M

High

18.61

P/E Ratio

7.22

52-wk high

29.60

Low

17.80

Div yield

0.11

52-wk low

17.73

Kohl's Corp (NYSE:KSS) shares dropped approximately 12% following its Q3 FY23 earnings release. Revenue fell 5.2% year-over-year to $3.84 billion, missing estimates of $4.11 billion. Comparable sales decreased by 5.5%. However, EPS of $0.53 exceeded expectations of $0.33. Gross margin improved, but operating income declined, and operating margin contracted. SG&A expenses rose, and inventory decreased by 13% Y/Y. Kohl's has $190 million in cash and cash equivalents and declared a quarterly dividend of $0.50 per share. The company revised its FY23 sales outlook to a larger decline and narrowed its EPS forecast, while maintaining its operating margin projection and lowering expected capital expenditures.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 3:13 pm

During a conference call, a Kohl's executive indicated that for Q4, the company's other revenue, which mainly consists of its credit business, is expected to perform in line with or slightly better than its net sales.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:32 pm

Telsey Advisory Group analyst Dana Telsey has reiterated a 'Market Perform' rating on Kohl's (NYSE:KSS) and maintained a price target of $29.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:14 pm

Numerous companies are scheduled to report their earnings on November 21, 2023, both before the opening bell and after the closing bell. The list includes a variety of sectors, with companies such as Golden Ocean Group, Burlington Stores, Analog Devices, Best Buy, Lowe's Companies, NVIDIA, and HP among others. The earnings reports will provide investors with insights into each company's financial health and performance for the respective quarters.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 12:12 pm

Ahead of Nvidia's earnings, Nasdaq and S&P 500 futures indicate a modestly lower open. Analysts suggest a potential pause after recent gains but remain optimistic for a seasonal rally into year-end. Traders are watching the December Fed meeting minutes and bond yields. U.S. stocks had a strong performance on Monday, with technology stocks leading. Futures for SPDR S&P 500 ETF Trust and Invesco QQQ ETF are slightly down in premarket trading. Several companies, including Agilent Technologies and Baidu, reported earnings, with more companies scheduled to release their results.

Portfolio Pulse from Shanthi Rexaline

November 21, 2023 | 12:11 pm

Kohl's Corporation (NYSE:KSS) reported Q3 earnings with an EPS of $0.53, surpassing the estimate of $0.33 by 60.61%. However, revenue declined by $434 million compared to the same period last year. Despite beating the EPS estimate last quarter, KSS's share price fell by 5.07% the following day. Historical data shows mixed past earnings performance with both beats and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 12:10 pm

Kohl's reported a 5.5% decline in Q3 comparable sales, indicating a potential challenge in the retail sector and possibly reflecting a decrease in consumer spending or increased competition.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:04 pm

Kohl's has updated its FY23 sales forecast, now expecting a decline of (2.8%) to (4%), compared to its previous projection of (2%) to (4%). This revision indicates a slightly more pessimistic outlook for the company's sales performance in the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:04 pm

Kohl's has updated its FY23 earnings per share (EPS) guidance to a range of $2.30-$2.70, which is a narrower range compared to the prior guidance of $2.10-$2.70. This update is in line with the consensus estimate of $2.45.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:03 pm

Kohl's reported Q3 earnings of $0.53 per share, surpassing the consensus estimate of $0.33 by 60.61%, but marking a 35.37% decrease from the same period last year. Quarterly sales were $3.84B, falling short of the $4.11B estimate by 6.52% and representing a 5.16% decline from last year's figures.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:01 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.