Kohl’s (KSS) reported its fourth quarter results today. Revenue improved 9.2% to $6.78 billion, and profits came in at $468 million, up 86%, primarily due to better handling of inventory along with improved marketing efforts. On an adjusted basis, earnings rose 30% to $1.87 per share.
Comp-store sales saw a stellar growth of 6.3% compared to a decline of 2.2% reported in the prior year period. At the end of fiscal 2017, the retailer has 1,158 stores in the US. Kohl’s Board has declared a dividend of $0.61 per share.
Fiscal 2018 Outlook
The retailer forecasts its 2018 earnings to come in the range of $4.95 to $5.45 per share. Same-store sales growth is expected to be between 0% and 2%. On the capex front, the company expects to spend $700 million in the year, while share repurchases would be in the range of $300 million to $400 million.
Most Popular
Key highlights from Eli Lilly’s (LLY) Q1 2024 earnings results
Eli Lilly and Company (NYSE: LLY) reported first quarter 2024 earnings results today. Worldwide revenue was $8.77 billion, up 26% from the year-ago quarter, driven by increases of 16% in
PYPL Earnings: PayPal reports higher revenue and profit for Q1 2024
PayPal Holdings Inc. (NASDAQ: PYPL) announced financial results for the first quarter of 2024, reporting an increase in revenues and adjusted profit. The top line also exceeded analysts' estimates. First-quarter
MCD Earnings: Key quarterly highlights from McDonald’s Q1 2024 financial results
McDonald's Corporation (NYSE: MCD) reported first quarter 2024 earnings results today. Revenues increased 5% year-over-year to $6.1 billion. Revenue growth was 4% in constant currencies. Net income grew 7% to