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

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Tags

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