Kohl's (NYSE:KSS) is expected to report Q2 earnings before the open on Thursday, August 9, with a conference call scheduled for 8:30 am ET.
Analysts are looking for a profit of 96c on revenue of $4.23B. The consensus range is 92c-98c for EPS, and revenue of $4.19B-$4.3B, according to First Call. During the quarter, Kohl's reported June same-store sales down 4.2% and July SSS up 1.7%. The company forecast Q2 EPS at the low end of its 96c-$1.02 range. Previously, the retailer also forecast total Q2 sales growth of 2%-3%, SSS growth flat to 1% and Q2 share repurchases of $250M.
Stifel Nicolaus said on July 12 that the company's inventory increases will give it the opportunity to drive sales and gain market share. The firm expects the company's margins to drop this quarter before moderating during the rest of the year, but it maintains a $58 target and Buy rating on the stock.