Edition:
United States

Kohls Corp (KSS.N)

KSS.N on New York Stock Exchange

57.50USD
9 Dec 2016
Change (% chg)

$-1.93 (-3.25%)
Prev Close
$59.43
Open
$59.50
Day's High
$59.50
Day's Low
$57.01
Volume
748,616
Avg. Vol
1,039,100
52-wk High
$59.66
52-wk Low
$33.87

Latest Key Developments (Source: Significant Developments)

Kohl's CEO on conf call- Targeting end of Q3 inventory to be down in mid-single digits
Thursday, 11 Aug 2016 09:20am EDT 

Kohls Corp : CFO on conf call - our teams continue to aggressively and effectively manage store payroll as sales trends change . CEO - targeting end of Q3 inventory to be down in mid-single digits . CEO - our receipts will be down in Q3 and slightly up in Q4 as we bring in more transitional receipts than we did last year for holiday season . CEO - expect adding Under Armour will attract new customers to our stores . CEO - "one big initiative that we need to take across more of our private and exclusive brands is the need to improve our speed to market" . Ceo- " while Q2 performance and sales certainly improved over Q1, we did have declines in foot traffic in stores generally, this needs to be reversed to positive" . CFO- we haven't seen a big sales pickup from the Macy's store closures . CFO- "as we look into the fall and holiday , we've planned down seasonal categories substantially more than the overall business" . On conf call - Q2 gross margin increase was driven by savings in both promotional markdown and permanent clearance markdowns . CEO - May was weakest month of Q2, June aided by favorable weather, July finished very strong . CEO - being very conservative in our cold weather categories as we expect q3 to be soft, with q4 improving versus last year's mild winter . CEO - will be opening 6 smaller-format stores in Q3, adding to 2 opened in Q1.  Full Article

Kohls qtrly diluted earnings per share $0.77
Thursday, 11 Aug 2016 07:00am EDT 

Kohls Corp : Sees fy 2016 earnings per share $3.12 to $3.32 . Sees fy 2016 earnings per share $3.80 to $4.00 excluding items . Kohl's corporation reports second quarter financial results . Now expects its fiscal 2016 diluted earnings per share to be $3.12 to $3.32 per diluted share. . Qtrly diluted earnings per share $ 0.77 . Qtrly sales $4,182 million versus $4,267 million . Qtrly adjusted earnings per share excluding items $1.22 . Qtrly comparable store sales down 1.8% . "sales improved over our q1 results, but were below our expectations" . Excluding impairments, store closing and other costs, fiscal 2016 diluted earnings per share is expected to be $3.80 to $4.00 . Fy2016 earnings per share view $3.98, revenue view $19.20 billion -- Thomson Reuters I/B/E/S . Q2 earnings per share view $1.03, revenue view $4.16 billion -- Thomson Reuters I/B/E/S ."we are encouraged by performance of juniors and young men's as we enter back-to-school season".  Full Article

Kohl's Corp names Adrianne Shapira as new board member
Wednesday, 10 Aug 2016 04:15pm EDT 

Kohls Corp : Kohl's Corporation announces board changes . Dale Jones resigned as a member of board of directors of company . Kohl's Corporation announces board changes . Board of directors elected Adrianne Shapira as a new board member, effective immediately .Jones tendered his resignation due to scheduling conflicts with his other personal and professional commitments.  Full Article

Kohl's announces new partnership with Under Armour to propel its active business
Wednesday, 27 Jul 2016 08:00am EDT 

Kohls Corp: Kohl's announces new partnership with Under Armour to propel its active business .Under Armour will be available at kohl's stores nationwide, kohls.com in early 2017 in women's, men's, kids, accessories, footwear, home.  Full Article

Under Armour expects Q3 sales to grow by about 20 pct
Tuesday, 26 Jul 2016 11:07am EDT 

Under Armour Inc : Sees FY gross margins to be down slightly - conf call . Sees Q3 sales to grow by about 20% - conf call . Under Armour Sportswear (UAS) the first product of the line will be available in September - conf call . Will bring the Under Armour brand to Kohl's starting in 2017 - conf call . Sees Q3 sales to be impacted by sports authority liquidation - conf call Further company coverage: [UA.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Kohl's on conf call - Need to take our expenses down to meet FY earnings forecast
Thursday, 12 May 2016 10:00am EDT 

Kohls Corp : On conf call - transactions per store were down 4.8% for Q1 . On conf call - expect to incur higher than estimated charges in Q2 due to more store associate termination packages over relocation . Ceo on conf call - targeting end of second-quarter inventory levels of down mid single digits on a per store basis . CEO on conf call - as we enter Q2, approximately 70% of store assortment is now localized . CEO on conf call - experiencing significant wage pressure in stores . CEO on conf call - "It was definitely a difficult start to 2016" . CEO on conf call - hard to gauge how much of sales shortfall is related to macroeconomic factors and how much to co specific factors . CEO on conf call - still feel good that sales trend will improve in Q2 and in back half of year . CFO on conf call - think we need to take our expenses down to meet our earnings guidance for year . CFO on conf call - spring season goods sales good in February, poor in March and April kind of consistent with the comps . CEO- seasonal category performance which weather often drives were not a driver of negative comps in Q1 . CEO- "there seems to be some more macro issue (driving negative comps) given performances of both ourselves and competition" . Have made a pretty dramatic shift from print, mail marketing to digital, may have to rethink that to reach out to traditional customers.  Full Article

Kohls Corp posts Q1 EPS of $0.09
Thursday, 12 May 2016 07:00am EDT 

Kohls Corp : Q1 sales were challenging . Qtrly sales $3.97 billion versus $4.12 billion . Qtrly comparable store sales down 3.9 pct . Qtrly earnings per share $0.09 . Were able to manage gross margin and inventory levels consistent with expectations as co took markdowns necessary to clear excess inventory . Qtrly earnings per share $0.31 excluding items . Q1 earnings per share view $0.37, revenue view $4.13 billion -- Thomson Reuters I/B/E/S . "first quarter sales were challenging" .Kohl's corporation reports first quarter financial results.  Full Article

Kohl's Corp sees FY 2015 EPS guidance at low range of prior guidance
Thursday, 13 Aug 2015 07:00am EDT 

Kohl's Corp:Expects FY 2015 earnings per diluted share (EPS) to be at low range of its previous guidance of $4.40 to $4.60.  Full Article

Kohl's Corp declares quarterly dividend
Thursday, 13 Aug 2015 07:00am EDT 

Kohl's Corp:Declares a quarterly cash dividend on the Company's common stock of $0.45 per share. The dividend is payable Sept. 23 to shareholders of record at the close of business on Sept. 9.  Full Article

Kohl's Corp increases amount of notes and debentures to be accepted in its cash tender offer
Tuesday, 14 Jul 2015 02:12pm EDT 

Kohl's Corp:Kohl's corporation announces increase in the amount of notes and debentures to be accepted in its cash tender offer.Says increased the maximum combined aggregate principal amount of notes and debentures from $600 million to $767 million.  Full Article

Wall St Week Ahead-Retail stock rally leaves few bargains for investors

SAN FRANCISCO, Nov 25 Wall Street expects consumers to open their wallets a little wider this holiday shopping season but bargains among red-hot retail stocks could be hard to find, especially as profit growth proves elusive for many big names.