Categories AlphaGraphs, Earnings, LATEST, Retail

Kohl’s Corp posts upbeat first quarter results

Kohl’s Corporation (KSS) reported a 3.5% increase in total revenues to $4.2 billion for the first quarter of 2018. Comparable sales increased 3.6% during the quarter. Net income increased 14% to $75 million from the prior-year period. Diluted EPS rose 15% to $0.45. Adjusted net income improved 62% over last year to $107 million. Adjusted diluted EPS increased 65% to $0.64.

The company’s results beat market estimates for both revenue and earnings. Kohl’s has been improving margins through better inventory management, and the retailer has also entered into several partnerships. Kohl’s struck a partnership with Amazon to sell the latter’s smart home products in its stores. The most recent collaboration is with private company PopSugar for the sale of women’s apparel targeted at the millennial group.

Kohl's first quarter 2018 earnings
Kohl’s Corporation Q1 2018 Earnings Infographic

On May 16, Kohl’s Board of Directors declared a quarterly cash dividend on the company’s common stock of $0.61 per share, payable on June 27, 2018, to shareholders of record on June 13, 2018.

Kohl’s raised its EPS guidance for the fiscal year 2018. The company now expects adjusted diluted EPS to be between $5.05 and $5.50. Including the loss on extinguishment of debt, diluted earnings is expected to be between $4.86 and $5.30 per share.

Most Popular

Key highlights from Autodesk (ADSK) Q4 2021 earnings results

Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per

Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%

Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus

Virgin Galactic stock tanks on delayed test flight

Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top