Insight Report 2 minutes PremiumKohl’s (KSS) 1Q16 Results: Top-Line Challenges in 1Q; Consumers Are “Not Buying Apparel” Coresight Research May 12, 2016 Executive Summary Kohl’s reported adjusted 1Q16 EPS of $0.31 versus the consensus estimate of $0.37. Total revenues were $3.97 billion, below consensus of $4.13 billion. Comps declined by 3.9%, below consensus of a 0.2% increase. Management noted that sales in the quarter were challenging. Transactions per store, a proxy for traffic, were down 4.1% in the period. Management also commented that apparel was an area of weakness, as consumers are “not buying apparel.” While management did not update its full-year guidance, it commented that it plans to focus on same-store sales and SG&A. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: China Consumer Tracker: More Than 70% of Respondents Are Avoiding Public PlacesThree Data Points We’re Watching This WeekRetail-Tech Landscape: Retail AnalyticsAmazon Apparel US Consumer Survey 2024: Amazon Regains Its Spot as America’s Most-Shopped Clothing and Footwear Retailer