Q1 Beat, Dividend, and Boosted Outlook Isn't Enough for Kohl's (KSS) Investors
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Price: $52.44 -0.59%
Revenue Growth %: 0.0%
Financial Fact:
Net sales: 4.2B
Today's EPS Names:
CLC, FNSR, MU, More
Revenue Growth %: 0.0%
Financial Fact:
Net sales: 4.2B
Today's EPS Names:
CLC, FNSR, MU, More
Trade KSS Now!
Kohl's Corp. (NYSE: KSS) shares are trading slightly lower ahead of the bell Thursday following first-quarter earnings from the Menomonee Falls, WI-based retailer.
Net income in the quarter was $211 million, or $0.73 per share, a 6 percent increase from $199 million reported in the same quarter last year.
Sales increased 3.2 percent from $4.035 billion to $4.162 billion.
The Street was looking for EPS of $0.72 and revs of $4.2 billion.
Commenting on the quarter, CEO Kevin Mansell said, "Our E-Commerce business remains on track to achieve $1 billion in sales in 2011...We have strengthened our marketing for the second quarter and believe that we will see pent-up demand for seasonal businesses which would allow us to achieve a better comp and even stronger financial results in the second quarter."
Looking ahead, Kohl's sees second-quarter EPS of $0.96 - $1.02, right in-line with the $1.00 consensus.
Kohl's boosted its fiscal year 2011 outlook from $4.05 - $4.25 to $4.25 - $4.40, versus the consensus of $4.36.
Kohl's shares are down 1.2 percent in pre-market trade.
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Net income in the quarter was $211 million, or $0.73 per share, a 6 percent increase from $199 million reported in the same quarter last year.
Sales increased 3.2 percent from $4.035 billion to $4.162 billion.
The Street was looking for EPS of $0.72 and revs of $4.2 billion.
Commenting on the quarter, CEO Kevin Mansell said, "Our E-Commerce business remains on track to achieve $1 billion in sales in 2011...We have strengthened our marketing for the second quarter and believe that we will see pent-up demand for seasonal businesses which would allow us to achieve a better comp and even stronger financial results in the second quarter."
Looking ahead, Kohl's sees second-quarter EPS of $0.96 - $1.02, right in-line with the $1.00 consensus.
Kohl's boosted its fiscal year 2011 outlook from $4.05 - $4.25 to $4.25 - $4.40, versus the consensus of $4.36.
Kohl's shares are down 1.2 percent in pre-market trade.
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