Kohl 'S S'S Two Quarter Results Are Expected To Exceed Expectations.

U.S.A

Retailer

Corp. (NYSE:KSS) released its expected two quarter results to boost its share price.

As of the two quarter of July 30, 2016, Kohl 'sCorp.'s department stores recorded a net profit of US $140 million, up 8% from the same period last year, and US $0.77 per share, up 17% from the US $0.66 a year ago. Unless the net proceeds of adjusted business increased 5% to 221 million US dollars, the earnings per share were 1.22 US dollars, up by 14% over the same period last year.

ThomsonReuters Townsend Reuters

It is expected that Kohl's sCorp. AdjEPS will be $1.03 in the two quarter, and Zacks is expected to be $1.04.

The expected EPS results stimulated the Kohl 'sCorp. (NYSE:KSS) market by 9.10% before the deadline. The deadline was 41.50 US dollars for the time of dispatch.

In the two quarter, Kohl 'sCorp.'s department store revenue fell 2%, from 4 billion 267 million US dollars in the same period last year to 4 billion 182 million US dollars, but it exceeded Thomson Reuters Thomson Reuters's 4 billion 160 million US dollar estimate, and Zacks's expectation was also 4 billion 160 million US dollars.

During the same period, group store sales recorded a 1.8% decrease.

KevinMansell, CEO of Kohl's sCorp., said that although Q2 sales improved somewhat compared with Q1, it was still lower than group expectations. However, the group's inventory reduction was effective and gross margin was improved.

In the two quarter, the gross margin of Kohl 'sCorp.'s department store was 39.45%, compared with 38.95% in the same period last year, with 50 basis points improved.

Although the two quarter exceeded expectations, the group lowered its full year forecast.

The annual EPS is expected to be US $3.80 -4.00 US dollars, which was expected to be US $4.05 -4.25 US dollars, but the new expectation is in line with the expected US $3.84 market.

By the end of the two quarter, Kohl 'sCorp. has 1150 operations (1164 in the same period last year), Kohl's Kohl's stores, 12 FILAOutlet stores and 3 Off/Aisle centers.

Kohl 'sCorp. sCorp. department store intends to issue quarterly dividend of $0.50.

Kohl 'sCorp. (NYSE:KSS) shares rose 38.04 on Wednesday, a 0.90% gain, with a 20% decline this year and 38% in the past year.