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Kohls Corp (KSS.N)

KSS.N on New York Stock Exchange

64.37USD
20 Feb 2018
Change (% chg)

$-1.24 (-1.89%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Kohl's Corp Expects Fiscal 2017 EPS To Be $4.10 To $4.20
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Kohls Corp ::FY2017 EARNINGS PER SHARE VIEW $3.64 -- THOMSON REUTERS I/B/E/S.KOHLS - ‍BASED ON "STRONGER THAN EXPECTED" HOLIDAY SALES, NOW EXPECTS ITS FISCAL 2017 EPS TO BE $4.10 TO $4.20 VERSUS PREVIOUS GUIDANCE OF $3.72 TO $3.92​.KOHL'S CORPORATION REPORTS NOVEMBER/DECEMBER SALES AND INCREASES 2017 DILUTED EARNINGS PER SHARE GUIDANCE.SEES FY 2017 EARNINGS PER SHARE $4.10 TO $4.20.- ‍EXCLUDING PREVIOUSLY DISCLOSED Q4 TAX SETTLEMENT OF $30 MILLION, FY 2017 EPS IS EXPECTED TO BE $3.98 TO $4.08​.  Full Article

Moody's Says Stable U.S. Retail Outlook In 2018, Reflective Of Higher Operating Income, Sales
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Moody's::MOODY'S SAYS STABLE U.S. RETAIL OUTLOOK IN 2018, REFLECTIVE OF HIGHER OPERATING INCOME AND SALES.MOODY'S SAYS EXPECT LOSSES TO BEGIN TO TAPER FOR U.S. DEPARTMENT STORES, INCLUDING MACY'S, KOHL'S, AND NORDSTROM, IN 2018.  Full Article

Kohl's CEO- Relatively bullish on Q4 based on trend of business coming into the quarter
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Kohls :CFO- positive impact of less clearance markdowns in Q3 more than offset by higher shipping costs in online business and higher reserves.CFO- approximately $8 million of SG&A increase in Q3 was attributable to the hurricanes harvey and irma.On conf call- Q3 regular priced sales were up 1% while clearance sales were down 7%.On conf call- Q3 sales in our core women's business was negative but saw improvement in private brands.CEO- "a portion of improvement in sales trend is attributable to our targeted efforts to capture share from competitive store closures".CEO- expect a very strong holiday performance in both active apparel and footwear categories.CEO- online generated demand sales grew 15% for Q3, continue to grow the percentage of online orders that are fulfilled by stores.Will pilot a further evolution of loyalty program in Q2 next year with about 100 stores, company-wide rollout intended for fy2019.CEO says both Amazon tests launched successfully in mid-october, declines to share further details.Overall in the fourth quarter, have increased our marketing.Inventory per store at the end of Q3 was down low single digits and is expected to be down mid-single digits at the end of the year.The 3 hurricanes affected about a little over 100 of our stores, those stores remain closed for between 2 and 7 days.Digital marketing is now our largest marketing spend, we're delivering more specific offers based on customers' past preferences.  Full Article

Kohls Corp says enters into a second amended and restated credit agreement​
Saturday, 4 Nov 2017 

Nov 3 (Reuters) - Kohls Corp : :Kohls Corp - ‍on November 3, 2017, Kohl's Corporation entered into a second amended and restated credit agreement​.Kohls Corp - ‍credit agreement provides for a $1.0 billion senior unsecured five-year revolving credit facility​.Kohls Corp - ‍company may request an increase in revolving credit commitments under facility of up to $300.0 million in certain circumstances​.Kohls Corp - ‍events of default under credit agreement include a change of control of company and company's default of other debt exceeding $75.0 million​.  Full Article

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

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 

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
Thursday, 11 Aug 2016 

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 

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 

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 

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

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U.S. holiday shoppers spend record $108 billion online: Adobe

U.S. shoppers spent a record $108 billion snapping up discounts on Amazon and other websites during the 2017 holiday season, with more people using smartphones and tablets, Adobe Analytics said on Tuesday.