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KOHL’S (KSS) 4Q17 Results: Beats on EPS and Revenue, Guides Up for FY18

Executive Summary

  • Kohl’s reported 4Q17 revenues of $6.78 billion, up 9.2% year over year and above the $6.74 billion consensus estimate. Adjusted EPS was $1.99, beating the $1.77 consensus estimate and up from $1.44 in the year-ago quarter.
  • Comp sales were up 6.3% from the year-ago quarter, below the 6.5% consensus estimate and compared with the prior-year quarter’s 2.2% decline. Comps were driven by a 6.9% increase from the combined November and December holiday period.
  • Kohl’s expects FY18 adjusted EPS of $95–$5.45, versus the consensus estimate of $4.72. The company projects revenue growth of (1)%–1%, implying revenues of $18.90–$19.29 billion, compared with the consensus of $19.07 billion, or 0.1% growth.

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