Kohl's Corp. (KSS) Tops Q4 EPS by 2c; Guides In-Line, Raises Dividend

Kohl's Corp. (NYSE: KSS) reported Q4 EPS of $1.58, $0.02 better than the analyst estimate of $1.56. Revenue for the quarter came in at $6.39 billion versus the consensus estimate of $6.39 billion.

Comparable store sales rose 0.4%.

“We believe that the strategic framework of the Greatness Agenda is working as evidenced by our achievement of five consecutive quarters of positive comparable sales increases. I am particularly encouraged by the 4% increase we saw between Thanksgiving and Christmas. At the most competitive time in retail, customers were choosing Kohl’s,” said Kevin Mansell, Kohl’s chairman, president and chief executive officer. “This strength, however, was substantially offset by softness in early November and in January when demand for cold-weather goods was especially low, resulting in a quarterly comparable sales increase of 0.4%, which was below our expectations.”

GUIDANCE:

Kohl's Corp. sees FY2016 EPS of $4.05-$4.25, versus the consensus of $4.24.

DIVIDEND:

On February 24, 2016 Kohl's Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.50 per share, an 11% increase over its prior dividend. The dividend is payable March 23, 2016 to shareholders of record at the close of business on March 9, 2016.

For earnings history and earnings-related data on Kohl's Corp. (KSS) click here.

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