Company Earnings Update 2 minutesRegister for Free AccessKOHL’S (KSS) 1Q18 Results: Progress in Operations Boosts Earnings and Profitability Coresight Research May 23, 2018 Executive Summary In 1Q18,Kohl’s reported total revenues of $4.21 billion, up 3.5% year over year. Adjusted EPS was $0.64, beating the $0.50 consensus estimate and up from $0.39 in the year-ago quarter. Comp sales were up 3.6% from the year-ago quarter. Reported operating profit of $210.0 million exceeded the consensus estimate of $178.9 million. Margin performance was driven by a clean inventory position, localization of inventory management and speed initiatives that resulted in improved operational agility and a decrease in permanent and promotional markdowns. Management raised its guidance for FY18 and now expects adjusted EPS of $5.05–$5.50, versus $4.95–$5.45 previously. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Analyst Corner—Rate Cuts and Sub-3% Inflation: Enough To Move the Needle? Explore Implications with John MercerData Dive: The Global Obesity Economy—Shaped by the Spending of 1 Billion ConsumersEarnings Insights 1Q23, Week 6: Five Below, Lululemon and PVH Post Strong Results; Capri Holdings, Macy’s and Nordstrom See Sales DeclineAmazon Makes Gains During Big Spring Sale Event: US Consumer Survey Insights
