Kohl’s fiscal – Kohl’s Corp. reported a $14 million loss, or 13 cents per share, in its fiscal first quarter, while revenue rose to $3.17 billion—slightly ahead of Wall Street expectations. The department store chain also maintained full-year earnings guidance of $1 to $1.60
MENOMONEE FALLS, Wis. — Kohl’s Corp. said it lost $14 million in its fiscal first quarter, a result that may sting for shareholders but comes with an important offset: the company’s revenue beat expectations.
The Menomonee Falls, Wisconsin-based retailer reported a loss of 13 cents per share for the quarter. Wall Street had been looking for a wider dip. An average estimate of five analysts surveyed by Zacks Investment Research called for a loss of 18 cents per share.
On the sales line, Kohl’s posted revenue of $3.17 billion for the period. That figure also came in ahead of forecasts, with three analysts surveyed by Zacks Investment Research expecting $3.16 billion.
Looking ahead, Kohl’s expects full-year earnings to fall in the range of $1 to $1.60 per share.
The quarter’s numbers put a spotlight on a tightrope facing retailers: holding up enough demand to beat revenue expectations while still working to improve profitability, especially as results come in against earnings-per-share targets that investors have been watching closely.
Kohl’s KSS fiscal first quarter earnings loss revenue Menomonee Falls Wall Street expectations per-share guidance