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Stock Market & Financial Investment News

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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September 18, 2014
10:00 EDTKSSOn The Fly: Analyst Upgrade Summary
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06:12 EDTKSSKohl's upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Kohl's to Buy on expectations the company's comp store sales and margins will improve due to better product assortment, loyalty program leverage and inventory management. Citi raised its price target for shares to $70 from $63.
September 17, 2014
09:01 EDTKSSKohl's to hire over 67K associates this holiday season
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September 10, 2014
11:43 EDTKSSLand's End soars after better than expected Q2 results
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07:01 EDTKSSKohl's announces Juicy Couture now available at stores nationwide
Kohlís announced that Juicy Couture is now available at Kohlís stores nationwide and Kohls.com/JuicyCouture. Kohlís is supporting the launch of Juicy Couture with a marketing campaign that includes a new partnership with Refinery29. For the first time, Kohlís is engaging the influential and popular online lifestyle destination to partner with key trend-setting bloggers and to host celebratory events. There will also be print, broadcast and digital advertising and social initiatives.

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