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November 7, 2012
13:00 EDTKSSEarnings Preview: Kohl's sees Q3 EPS 83c-89c, sales growth 1%-3%
Kohl's (KSS) is expected to report Q3 earnings before the open on Thursday, November 8, with a conference call scheduled for 8:30 am ET. Analysts are looking for a profit of 88c on revenue of $4.49B. The consensus range is 85c-89c for EPS, and revenue of $4.46B-$4.54B, according to First Call. After reporting Q2 EPS that beat consensus estimates, Kohl's guided Q3 EPS 83c-89c on sales growth of 1%-3%. The retailer also cut its FY12 EPS view to $4.50-$4.65 from $4.75, consensus $4.62. On its earnings conference call, Kohl's forecast Q3 gross margin down 60bps-80bps and forecast Q4 stronger than Q3. During the quarter, Kohl's reported September same-store sales down 2.7% on total sales down 1.4%, while October SSS increased 3.3%. The company's Q3 SSS increased 1.1%. Kohl's said that beginning with its 2013 fiscal year it will no longer report monthly sales. Baird anticipates that the company revenue trends will improve, particularly during the holidays. The firm, which has an Outperform rating on the stock, views Kohl's as a high quality defensive stock. Looking ahead, Kohl's is expected to offer comments on the upcoming holiday season, and may offer comments on whether it believes Hurricane Sandy will impact holiday shopping.
News For KSS From The Last 14 Days
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February 27, 2015
09:58 EDTKSSOn The Fly: Analyst Upgrade Summary
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08:09 EDTKSSKohl's upgraded at Telsey Advisory
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06:35 EDTKSSKohl's upgraded to Outperform from Market Perform at Telsey Advisory
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February 26, 2015
09:09 EDTKSSKohl's says some areas of U.S. 'reallly impacted by weather'
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08:52 EDTKSSKohl's says 'pays what's necssary' in each market to attract, retain talent
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08:50 EDTKSSKohl's says Nike sales up 24% at Kohl's stores in Q4
Kohl's (KSS) says number of transactions increased 2% in Q4. Says Nike (NKE) delivered 24% increase in Q4 sales. Expects about 900 stores to have new beauty format by end of year. Sees some margin pressure in Q1 from rollout of beauty products. Expects SG&A to increase more in Q1 than in the balance of the year. Says FY CapEx guidance includes $350M of IT spending, $250M for store strategies, $200M for base capital projects. Comments made on the Q4 earnings conference call.
07:03 EDTKSSKohl's sees FY15 EPS $4.40-$4.60, consensus $4.54
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07:02 EDTKSSKohl's board authorizes 15% increase in quarterly dividend to 45c per share
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07:02 EDTKSSKohl's reports Q4 EPS $1.83, consensus $1.80
Reports Q4 revenue $6.34B, consensus $6.33B. Reports Q4 SSS up 3.7%.
February 25, 2015
15:05 EDTKSSNotable companies reporting before tomorrow's open
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07:01 EDTKSSKohl's launches skincare and well-being brand Bliss
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February 24, 2015
07:39 EDTKSSKohl's volatility slightly elevated into Q4 and outlook
Kohl's March call option implied volatility is at 25, April is at 22, July is at 21; compared to its 26-week average of 22 according to Track Data, suggesting slightly larger near term price movement into the expected release of Q4 results on February 25.

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