Kohl's beats Street 4Q forecasts

MarketsAssociated Press

Kohl's Corp. (KSS) on Thursday reported fiscal fourth-quarter profit of $468 million.

On a per-share basis, the Menomonee Falls, Wisconsin-based company said it had net income of $2.81. Earnings, adjusted for pretax gains, came to $1.87 per share.

Continue Reading Below

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.

The department store operator posted revenue of $6.78 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $6.74 billion.

For the year, the company reported profit of $859 million, or $5.12 per share. Revenue was reported as $19.1 billion.

Kohl's expects full-year earnings to be $4.95 to $5.45 per share.

Kohl's shares have increased 22 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 1.5 percent. The stock has increased 55 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on KSS at https://www.zacks.com/ap/KSS