Earnings Preview: Kohl's

| About: Kohl's Corporation (KSS)

Kohl's (NYSE:KSS) is expected to report Q4 earnings before the open on Thursday, February 23, with a conference call scheduled for 8:30 am ET.


Analysts are looking for a profit of $1.80 on revenue of $6.06B. The consensus range is $1.79-$1.80 for EPS, and revenue of $6B-$6.35B, according to First Call. On January 5, Kohl's cut its Q4 EPS view to $1.70-$1.73 from $1.92-$2.04 and reduced its FY EPS view to $4.30-$4.23 from prior $4.41-$4.52 view, consensus $4.30. During the quarter, Kohl's said its December same-store sales declined 0.1%, short of the company's expectations, but improved over November's results, and said January SSS increased 0.6%. In the year-ago quarter, Kohl's reported EPS of $1.66 on revenue $6.04B. The stock price has fallen 3.2% since November.

Analyst Views

Shares of Kohl's were recently downgraded to Hold from Buy at Argus based on continued sales weakness following weak November comps and to Neutral from Buy at BofA/Merrill, which cited lack of catalysts and slower growth. Analysts and investors will listen for comments on the company fared during the holiday season, as well as the current promotional environment and how inventory is viewed going into the Easter season.