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Kohl's +9.2% after beat, boost to buyback, strong guidance

Published 11/10/2016, 07:18 AM
Kohl's +9.2% after beat, boost to buyback, strong guidance
KSS
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  • FQ3 (ended Oct. 29) net income of $142M or $0.80 per share vs. $144M and $0.75 earned a year earlier. Expectations had been for $0.70.
  • Comparable store sales -1.7% vs. a gain of 1% a year ago.
  • Ended quarter with 1,155 Kohl's stores vs. 1,166 a year ago.
  • Full-year EPS is guided to $3.80-$4.00, the midpoint slightly ahead of $3.88 consensus.
  • The buyback authorization is lifted by $2B.
  • Earnings call at 8:30 ET
  • Previously: Kohl's beats by $0.10, misses on revenue (Nov. 10)
  • KSS +9.2% premarket

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