Key Developments: Kohl's Corp (KSS)
51.91USD
24 May 2013
$-0.23 (-0.44%)
$52.14
$51.73
$52.01
$51.46
1,407,903
2,693,293
$55.25
$41.35
Latest Key Developments (Source: Significant Developments)
Kohl's Corp And Other Retailers Sue Visa Inc, MasterCard Inc Over Card Fees-Reuters
Reuters reported that Macy's Inc and Target Corp have sued Visa Inc. and MasterCard Inc, breaking off from a proposed $7.2 billion settlement reached last year over fees to process credit card transactions. The lawsuit, filed in U.S. District Court in Manhattan, came ahead of a May 28 deadline for the millions of merchants affected by the settlement to decide whether to forego receiving damages under the pact and pursue their own legal action. Representatives of Visa and MasterCard had no immediate comment on the new lawsuit. Also named as plaintiffs in the lawsuit are J C Penney Company Inc, Kohl's Corp and TJX Companies Inc. The lawsuit seeks compensatory and triple damages, as well as other remedies. Full Article
Kohl's Corp Issues Q2 EPS 2013 Guidance In Line With Analysts' Estimates; Comments On Q2 2013 Revenue Guidance; Comments On Q2 2013 Comparable Store Sales Guidance
Kohl's Corp announced that for the second quarter of 2013, the Company expects earnings per diluted share (EPS) of $1.00 to $1.08 per diluted share based on assumptions of a total sales increase of 1% to 3% and a comparable store sales increase of 0% to 2%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.05 on revenue of $4.32 billion for the second quarter of 2013. Full Article
Kohl's Corp Declares Quarterly Cash Dividend
Kohl's Corp announced that on May 15, 2013, Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.35 per share. The dividend is payable June 26, 2013 to shareholders of record at the close of business on June 12, 2013. Full Article
Kohl's Corp Opens Nine New Stores
Kohl's Corp announced the openings of nine new stores, bringing the Company's store count to 1,155 stores. Locations opening include Decatur, Ala., Danville, Ill., Ames, Iowa, Cedar Rapids, Iowa, Minot, N.D., Sherwood, Ore., Hermitage, Pa., Spring Township, Pa. and Denton, Texas. Full Article
Kohl's Corp Declares Quarterly Cash Dividend
Kohl's Corp announced that the Board of Directors have declared a quarterly cash dividend on the Company's common stock of $0.35 per share, a 9% increase over its previous dividend. The dividend is payable March 27, 2013 to shareholders of record at the close of business on March 13, 2013. Full Article
Kohl's Corp Issues FY 2013 Guidance; EPS Guidance Below Analysts' Estimates; Issues Q1 2013 EPS Guidance; Comments On Q1 2013 Revenue Guidance; Comments On Q1, FY 2013 Comparable Store Sales Guidance
Kohl's Corp announced that it has issued its initial guidance for fiscal 2013. Based on assumptions of total and comparable store sales increases of 0 to 2%, the Company expects earnings per diluted share (EPS) of $4.15 to $4.45 for fiscal 2013. For the first fiscal quarter of 2013, the Company expects earnings per diluted share (EPS) of $0.55 to $0.63 per diluted share based on assumptions of a total sales increase of 0.5% to 2.5% and a comparable store sales increase of 0% to 2%. The Company reported revenues of $19.279 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.62 on revenue of $4.30 billion for the first quarter of 2013; EPS of $4.56 on revenue of $19.500 billion for fiscal 2013. Full Article
Kohl's Corp Lowers Q4, FY 2012 EPS Guidance
Kohl's Corp announced that for the fourth quarter of 2012, it expects diluted earnings per share (EPS) of $1.60 to $1.62 and $4.11 to $4.13 for fiscal 2012 versus its previous guidance of $2.00 to $2.08 for the fourth quarter of 2012 and $4.52 to $4.60 for fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.91 for fourth quarter of 2012 and EPS of $4.43 for fiscal 2012. Full Article
Kohl's Corp Issues Q4 2012 EPS Guidance Below Analysts' Estimates; Comments On Q4 2012 Revenue And Comparable Store Sales Guidance; Narrows FY 2012 EPS Guidance To A Range Below Analysts' Estimates
Kohl's Corp announced that for fourth quarter of 2012, it expects earnings per share to be in the range of $2.00 to $2.08. The guidance is based on total sales growth of 7% to 8% and comparable store sales growth of 3% to 4% and includes expected fourth quarter share repurchases of $300 million. After incorporating its third quarter results and fourth quarter outlook, the Company now expects to earn $4.52 to $4.60 per diluted share for fiscal 2012 compared to its previous guidance of $4.50 to $4.65 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.16 for fourth quarter of 2012 and EPS of $4.52 for fiscal 2012. Full Article
Kohl's Corp Declared Quarterly Cash Dividend
Kohl's Corp announced that the Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.32 per share. The dividend is payable December 26, 2012 to shareholders of record at the close of business on December 5, 2012. Full Article
Kohl's Corp Reaffirms Q3 2012 EPS Guidance
Kohl's Corp announced that it remains comfortable with its previous guidance of $0.83 to $0.89 per diluted share for the third quarter of 2012. Full Article
UPDATE 1-Starbucks veteran Michelle Gass leaving for Kohl's
May 22 - Starbucks Corp executive Michelle Gass, who was instrumental in the world's biggest coffee chain's post-recession U.S. turnaround, is leaving after more than 16 years to become chief customer officer at retailer Kohl's Corp.
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