Kohl's Corporation (NYSE:KSS) is expected to report Q2 earnings after market close Thursday, August 14 with a conference call scheduled for 5:00 p.m. ET.
Analysts are looking for a profit of 73c on revenue of $3.75B. The consensus range is 69c to 75c for EPS, and revenue of $3.66B to $3.83B, according to First Call. In May, Kohl's forecast FY08 EPS $2.95 to $3.15 vs. First Call consensus of $3.11. For the month of July, Kohl's reported its same-store sales were down 10.4% vs. consensus of down 7% and said total sales for the four-week period ended August 2 slipped 2.4% to $1.03B from a year earlier; the company said it remained comfortable with Q2 EPS consensus estimates.
To compliment its Overweight view on Consumer Discretionary and Retail stocks, Kohl's was added to Citigroup's Recommended List on July 24. The firm said Kohl's maintains tight inventory controls and has primarily off-mall locations, which both should assist them during a weakening economy.
JP Morgan analyst Charles Grom is also optimistic on the stock. Grom said he has confidence in the company's ability to navigate through the tough retail environment as it will have some easy comparisons in the next few months and that Kohl's has "set the bar appropriately conservative".
Next event: Kohl's is expected to release its August sales on September 4.