Department store chain Kohl’s (NYSE: KSS) will be reporting results tomorrow before market hours. Here’s what you need to know.
Kohl's met analysts’ revenue expectations last quarter, reporting revenues of $5.40 billion, down 9.4% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations significantly and a significant miss of analysts’ EPS estimates.
Is Kohl's a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Kohl’s revenue to decline 5.4% year on year to $3.2 billion, in line with the 5.3% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.22 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Kohl’s peers in the general merchandise retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Dillard’s revenues decreased 1.6% year on year, meeting analysts’ expectations, and Ross Stores reported revenues up 2.6%, topping estimates by 0.5%. Dillard's traded up 8.1% following the results while Ross Stores was down 9.8%.
Read our full analysis of Dillard’s results here and Ross Stores’s results here.
There has been positive sentiment among investors in the general merchandise retail segment, with share prices up 11.4% on average over the last month. Kohl's is up 16.1% during the same time and is heading into earnings with an average analyst price target of $9.16 (compared to the current share price of $7.92).
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