Thu, Aug. 13, 9:19 AM
Tue, Jun. 2, 1:17 PM
- Retail chain stocks are putting in some strong gains despite a soft read earlier in the day from Redbook on sales.
- PVH issued a strong report last night which helped push the sector in the right direction, but there also appears to be some speculative buying on some names in the sector after Macy's was reported to be under pressure to explore REIT options.
- Previously: Macy's hearing from hedge funds on real estate assets
- Gainers: Guess (NYSE:GES) +5.1%, Tilly's (NYSE:TLYS) +4.4%, Abercrombie & Fitch (NYSE:ANF) +5.7%, Kohl's (NYSE:KSS) +1.6%, J.C. Penney (NYSE:JCP) +2.9%, Bon-Ton Stores (NASDAQ:BONT) +4.6%, Stein Mart (NASDAQ:SMRT) +2.7%, Sears Hometown and Outlet Stores (NASDAQ:SHOS) +2.4%, Conn's (NASDAQ:CONN) +5.8%, Best Buy (NYSE:BBY) +1.7%, hhgregg (NYSE:HGG) +2.8%.
Thu, May 14, 9:16 AM
Thu, May 14, 7:28 AM
- Kohl's (NYSE:KSS) trades lower after sales come in lower than expectations.
- Comparable-store sales were up 1.4% during the quarter.
- Gross margin rate +10 bps to 36.9%.
- Operating income rate -10 bps to 6.8%.
- SG&A expense rate flat at 24.6%.
- Inventory +4.6% to $4.165B.
- Store count +4 Y/Y to 1,164.
- Previously: Kohl's beats by $0.08, misses on revenue
- KSS -5.3% premarket.
Tue, Apr. 7, 12:43 PM
- Kohl's (KSS +0.1%) trades higher after channel checks from MKM Partners indicate strong sales trends for Q1.
- The investment firm thinks Kohl's comp sales may top expectations.
- Athleisure and electronics are two categories identified as standing out for the department store chain.
- SA contributor Equity Watch has a deeper dive into Kohl's increased focus into fitness and health products.
Thu, Feb. 26, 8:14 AM
- Kohl's (NYSE:KSS) reports comparable-store sales rose 3.7% in Q4.
- Gross margin rate fell 14 bps to 33.88%.
- Operating income rate -33 bps to 10.32%.
- Merchandise inventory declined 1.55% to $3.814B.
- Store count +4 Y/Y to 1,162.
- FY2015 Guidance: Total sales: +1.8% to +2.8%; Comparable-store sales: +1.5% to +2.5%; Gross margin rate: +0 to +20 bps; SG&A expense: +1.5% to +2.5%; D&A: $940M; Interest expense: $335M; Tax rate: 37%; Diluted EPS: $4.40 to $4.60; Capex: $800M.
- KSS +2.26% premarket.
Wed, Feb. 4, 10:09 AM
Wed, Jan. 7, 9:48 AM
- Department store stocks are getting a good lift from the J.C. Penney holiday sales report.
- Advancers: Macy's (NYSE:M) +2.5%, Nordstrom (NYSE:JWN) +2.5%, Sears Holdings (NASDAQ:SHLD) +2.5%, Kohl's (NYSE:KSS) +3.0%, Dillard's (NYSE:DDS) +2.5%, Bon-Ton Stores (NASDAQ:BONT) +1.6%.
- Previously: Sonic and J.C. Penney add to $2-gas lift in retail theory
Tue, Jan. 6, 8:30 PM
- Shares of J.C. Penney (NYSE:JCP) reached as high as $7.90 in AH trading after the company topped the holiday same-store sales estimates of analysts.
- The stock hasn't traded over $8 since early December as short interest built up ahead of the holiday report.
- Per the norm, bulls and bears are battling it out on JCP. Bulls are lauding management for turning the retailer solidly in the right direction, while bears such as Imperial Capital's Mary Ross Gilbert claim margin-crunching promotions drove the sales gain.
- What to watch: JCP's free cash flow mark at the end of Q4 will be closely-analyzed.
- Sector fallout: Belus Capital's Brian Sozzi thinks the JCP result indicates other department store chains (JWN, KSS, DDS, M) are also poised to best consensus holiday SSS estimates.
- Previous on JCP: Sterne Agee warns, holiday sales report.
Nov. 13, 2014, 7:24 AM
Oct. 28, 2014, 9:13 AM
Oct. 27, 2014, 5:57 PM
- With October sales having been "softer than the balance of the quarter," Kohl's (NYSE:KSS) expects to report a 1.4% Y/Y drop in FQ3 comparable sales. FY14 (ends Jan. '15) sales are now expected to be at the low end of a $4.05-$4.45 guidance range; consensus is at $4.30.
- FQ3 children's comparable sales are expected to be up Y/Y, but other segments are expected to be down. Kohl's forecasts a 30%+ increase in e-commerce sales.
- The guidance cut comes ahead of Kohl's Wednesday investor conference.
Oct. 27, 2014, 5:40 PM
Aug. 14, 2014, 7:48 AM
Aug. 13, 2014, 10:26 AM
- Department store stocks are lower after Macy's misses estimates with its Q2 report and warns on consumer spending.
- Decliners: Nordstrom (NYSE:JWN) -2.2%, Sears Holdings (NASDAQ:SHLD) -1.8%, Kohl's (NYSE:KSS) -2.7%, J.C. Penney (NYSE:JCP) -2.1%, Bon-Ton Stores (NASDAQ:BONT) -3.5%, Dillard's (NYSE:DDS) -2.2%.
- The downward comp sales revision from Macy's and the flat reading on U.S. retail sales growth appears to be impacting big-box retailers Target (TGT -1%) and Wal-Mart (WMT -0.9%) as well.
Apr. 28, 2014, 11:14 AM
- A number of beat-up department store stocks are showing surprising strength to start off the week.
- J.C. Penney (JCP +7.6%), Sears Holdings (SHLD +3.3%), Kohl's (KSS +1.9%), and Bon-ton Stores (BONT +2.2%) are making the strongest moves.
- Retail analysts attribute the rally to some positive channel checks in the sector, while recent positive comments from execs at V.F. Corp and Phillips-Van Heusen haven't hurt sentiment. (VFC cc transcript, PVH cc trancsript)
KSS vs. ETF Alternatives
Kohl's Corp operates department stores that sell moderately priced exclusive and national brand apparel, footwear, accessories, beauty and home products. Itswebsite includes merchandise available in stores, and merchandise available only on-line.
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