According to Piper Jaffray, Kohl's KSS FQ1 results are in line with guidance.
Piper Jaffray said that Kohl's reported FQ1 EPS of $0.73 versus the estimate of $0.72 and consensus of $0.73. “Results were in line with management's most recent guidance of "towards the high end" of the $0.68-$0.73 range. While pre-released sales results were below our initial expectations, FQ1 results reflect flat gross margins and 10bps of SG&A deleverage offset by $445M of share repurchases. In addition, D&A benefited by about $0.03/share. Looking to FQ2, management expects EPS of $0.96-$1.02 compared to consensus of $1.00.”
Kohl's closed yesterday at $53.61.
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