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.