Kohl's (KSS) reported earnings on Tue 21 May 2019 (b/o)

** charts before earnings **

 

** charts after earnings **

Kohl's misses by $0.06, misses on revs; guides FY20 EPS below consensus; Q1 comps -3.4%

• Reports Q1 (Apr) earnings of $0.61 per share, $0.06 worse than the S&P Capital IQ Consensus of $0.67; net sales fell 3.3% year/year to $3.82 bln vs the $3.97 bln S&P Capital IQ Consensus. Comparable sales decrease 3.4%
• Co issues downside guidance for FY20, sees EPS of $5.15-5.45 vs. $6.04 S&P Capital IQ Consensus.
• Michelle Gass, Kohl's chief executive officer, said, "The year has started off slower than we'd like, with our first quarter sales coming in below our expectation. We are actively addressing the opportunities that impacted our first quarter sales and we have strong initiatives that will enhance our sales performance in the second half."