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Retail

What to Look for in Kohl’s Earnings

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By Chris Lange Updated Published
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What to Look for in Kohl’s Earnings

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Kohl’s Corp. (NYSE: KSS) is scheduled to report its fiscal fourth-quarter financial results before the markets open on Thursday. Thomson Reuters consensus estimates are calling for $1.56 in earnings per share (EPS) on $6.39 billion in revenue. The same period from the previous year had $.183 in EPS on $6.34 billion in revenue.

The stock slid earlier this month when the company gave an update on its holiday sales. Kohl’s reported that fourth-quarter comparable sales increased 0.4% and fiscal 2015 comparable sales increased 0.7%. Total sales increased 0.8% for the fourth quarter and 1.0% for fiscal 2015.

The company now expects its fiscal 2015 diluted earnings per share (EPS) to be $3.95 to $4.00, down from its previously stated guidance of toward the low end of $4.40 to $4.60. Consensus estimates call for $4.30 in EPS on $19.27 billion in revenue for this fiscal year.

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The change in guidance is a result of lower than planned sales for the quarter and significantly lower than planned gross margin. Gross margin was affected by the origin and timing of the sales, in addition to the competitive promotional environment, which resulted in higher-than-expected markdowns on both year-round and seasonal merchandise.

From the business perspective, Footwear and Home were the strongest categories, while Accessories was the weakest. On a regional basis, the West region was the strongest while the Mid-Atlantic and South Central regions were the most difficult.

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A few analysts weighed in on Kohl’s ahead of the earnings report:

  • Atlantic Equities downgraded to an Underweight rating.
  • Nomura has a Buy rating but lowered its price target to $52 from $62.
  • Goldman Sachs lowered its price target to $40 from $42.
  • JPMorgan lowered its price target to $45 from $50.

So far in 2016 Kohl’s has underperformed the broad markets with the stock down nearly 6%. Over the past 52-weeks the stock has dropped almost 34%.

Shares of Kohl’s were last trading up 0.6% at $45.21, with a consensus analyst price target of $47.71 and a 52-week trading range of $39.23 to $79.60.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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