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
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
