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News Breaks
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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October 13, 2014
10:06 EDTKSSJ.C. Penney rises after selecting Home Depot executive as next CEO
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06:15 EDTKSSJ.C. Penney downgraded to Sell from Neutral at UBS
UBS downgraded its rating on J.C. Penney (JCP) shares to Sell saying the company's 2017 EBITDA target of $1.2B is overly optimistic as it assumes years of market share gains against strong competitors like Macy's (M) and Kohl's (KSS). UBS halved its price target for Penney shares to $5 from $10. The retailer's stock closed Friday down 52c to $7.12.

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