Kohl's (KSS) Q2 Earnings Report Preview: What To Look For
Department store chain Kohl’s (NYSE:KSS) will be announcing earnings results this Wednesday before market open. Here’s what to expect.
Kohl's met analysts’ revenue expectations last quarter, reporting revenues of $3.17 billion, down 2% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but full-year EPS guidance missing analysts’ expectations.
Is Kohl's a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Kohl’s revenue to decline 1.3% year on year, improving from the 5% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Kohl's has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Kohl’s peers in the general merchandise retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Dillard's posted flat year-on-year revenue, meeting analysts’ expectations, and Ross Stores reported revenues up 13.3%, topping estimates by 1.8%. Dillard's traded down 11.8% following the results while Ross Stores was up 4.3%.
Read our full analysis of Dillard’s results here and Ross Stores’s results here.
Investors in the general merchandise retail segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Kohl’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $18.23 (compared to the current share price of $18.37).
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