Kohl’s Earnings Call, Second Quarter 2008
18th August 2008 00:00 AM |
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| The Q2 gross margin increased to 39.6% versus 38.9% in the previous year quarter helped by strong inventory management and lower clearance levels. |
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| The specialty department store reported second quarter net sales of $3.7 billion, an increase of 3.8% compared with $3.6 billion in the previous year quarter. The second quarter net income of $236 million represents a decrease from $269.2 million for the second quarter fiscal 2007. The management reported that comparable store sales decreased 4.6% and the company has raised its fiscal 2008 earnings guidance to between $3.02 and $3.18 versus the previous guidance of $2.95 to $3.15. |
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Kohl First Quarter Earnings Call
20th May 2008 00:00 AM |
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| The challenging economic environment adversely affected results with comparable store sales declining 7%. |
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| The department store reported income of $153 million or 49 cents a share, down 26.8% from 2007, as sales marginally increased to $3.62 billion. Results reflect strong management of inventory levels and expenses in a difficult economic environment. The firm remains conservative in its sales expectations and will manage the business accordingly. It will continue to invest for the long-term as it adds new stores and remodel existing stores and in people and technology for market share gain. |
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Kohl’s Fourth Quarter Earnings Call
3rd March 2008 00:00 AM |
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| The earnings were $411.7 million or $1.31 per share as against $484.6 million or $1.48 per share in the prior year period. |
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| The department store chain reported revenue of $5.5 billion, a marginal increase of 0.7% from the prior year while the same store sales fell 4%, reflecting decreases in average transaction value of 1.3% and transactions per store of 2.7%. Kohl’s, which witnessed very broad acceptance of all three of its new brand introductions, proposes to launch a series of brand sin fiscal 2008 as well. For fiscal 2008, the firm assumes EPS in the range of $3.15 to $3.50, on sales growth of 5% to 8%. |
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Kohl's Third Quarter Earnings Call
20th November 2007 00:00 AM |
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| The earnings were $194 million or 61 cents a share compared to $224.5 million or 68 cents in the prior year period. |
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| The operator of a chain of departmental stores reported revenue of $3.8 billion, up 4.8% from $3.7 billion in the prior year. Despite the difficult overall business environment, Kohl''s witnessed good performance at its two newest exclusive brands, SimplyVera Vera Wang and Food Network. The company has entered into a multi-year licensing contract to be the exclusive US retailer of the FILA SPORT collection. For the Q4, the company projects earnings of $1.45 per share to $1.51 per share. |
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Kohl's Second Quarter Earnings Call
20th August 2007 00:00 AM |
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| Profit increased 16% to $269.2 million from $232.4 million last year, driven by improving margins. |
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| Kohl’s departmental stores reported revenue increase to $3.59 billion from $3.3 billion a year ago, failing to meet the analysts’ expectations $3.63 billion. Same-store sales rose 1.3% as a result of the increase in average transaction value of 2.5%, and a reduction in transactions per store of 1.2%. All of apparel businesses were affected by slowing demand for seasonal merchandise, which is shorts, tees, and tanks. Earnings guidance for 200 is adjusted to $3.77 to $3.87 per share. |
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Kohl’s First Quarter Earnings Call
28th May 2007 00:00 AM |
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| Net income rose 24.9% to $209 million from $167.2 million last year on strong sales throughout stores. |
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| Kohl’s departmental stores reported revenue increase of 11.8% to $3.6 billion from $3.2 billion a year ago, almost in line with the analysts’ expectations of $3.56 billion. Same-store sales rose 3.9%. Gross margins improved to 36.9% of sales from 36.1% last year, helped by private-label merchandise and exclusive goods. Kohl''s raised its full-year guidance for earnings per share to a range of $3.75 to $3.87, from a range of $3.68 to $3.84. |
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