Kohl's (KSS) Tops Q3 EPS by $1.04, Raises FY Guidance

Kohl's (NYSE: KSS) reported Q3 EPS of $1.65, $1.04 better than the analyst estimate of $0.61. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.27 billion.

• third quarter comparable sales increase 14.7%

GUIDANCE:

Kohl's sees FY2021 EPS of $7.10-$7.30, versus the consensus of $6.08.

• Net sales is now expected to increase in the mid-twenties percentage range compared to the previous expectation of low-twenties percentage range increase
• Operating margin is now expected to be in the range of 8.4% to 8.5% compared to the previous expectation of 7.4% to 7.6%
• Adjusted earnings per share is now expected to be in the range of $7.10 to $7.30, excluding any non-recurring charges, compared to the previous expectation of $5.80 to $6.10

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

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