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

18.43

Mkt cap

Volume

6.7M

High

18.61

P/E Ratio

7.06

52-wk high

29.60

Low

17.74

Div yield

0.11

52-wk low

17.41

A Goldman Sachs survey indicates that 61% of consumers will spend the same or more during the 2023 holiday season, with a focus on discounts and sales. Amazon (AMZN) and Walmart (WMT) are expected to be top destinations for shoppers. Department stores like Macy's (M) and Kohl's (KSS) may see weaker performance. The survey also suggests that gift cards, toys, games, and apparel will be popular gift items. E-commerce is projected to grow at twice the rate of total retail, with Amazon particularly well-positioned due to its fulfillment capacity and fast delivery options. The timing of Christmas Eve could further benefit Amazon's last-minute delivery advantage.

Portfolio Pulse from Chris Katje

November 22, 2023 | 7:40 pm

Telsey Advisory Group analyst Dana Telsey provided insights on Q3 FY23 earnings for Kohl's (KSS), American Eagle Outfitters (AEO), and Urban Outfitters (URBN). Kohl's exceeded EPS expectations due to gross margin expansion, driven by lower costs and successful Sephora shops, despite disappointing top-line results and higher expenses. American Eagle's modest earnings beat was attributed to better expense control and improving inventory positions, but faced a softer gross margin and uncertain consumer spending. Urban Outfitters surpassed EPS estimates with strong sales growth and gross margin expansion, although consumer demand slowed and inventory levels were elevated, potentially impacting Q4 margins.

Portfolio Pulse from Shivani Kumaresan

November 22, 2023 | 7:26 pm

Stocks edged down ahead of the release of the FOMC minutes and Nvidia's earnings report. Disappointing results from Lowe's, Kohls, and Best Buy influenced market sentiment. Gold prices surged past $2,000 per ounce due to the dollar's weakness. Sector ETFs saw mixed performance, with healthcare and materials up, while tech and real estate were down. Agilent Technologies rose after earnings, while AMC hit a new low. Other companies are set to report earnings after market close. USO, TLT, and global equity ETFs like FEZ saw slight declines, while ARGT dropped after a previous rally. Cryptocurrencies Bitcoin and Ethereum also fell.

Portfolio Pulse from Piero Cingari

November 21, 2023 | 6:23 pm

Kohl's reported disappointing Q3 sales results and provided updated guidance, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:49 pm

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

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