Kohl's (KSS) Tops Q1 EPS by $1.01, Revenue Beats, Updates Guidance

Kohl's (NYSE: KSS) reported Q1 EPS of $1.05, $1.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $3.89 billion versus the consensus estimate of $3.48 billion.

GUIDANCE:

Kohl's sees FY2021 EPS of $3.80-$4.20, versus the consensus of $3.15.

• Net sales is now expected to increase in the mid-to-high teens percentage range compared to the previous expectation of mid-teens percentage rate increase
• Operating margin is now expected to be in the range of 5.7% to 6.1% compared to the previous expectation of 4.5% to 5.0%
• Adjusted earnings per share is now expected to be in the range of $3.80 to $4.20, excluding any non-recurring charges, compared to the previous expectation of $2.45 to $2.95

For earnings history and earnings-related data on Kohl's (KSS) click here.

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