Kohl’s (NYSE: KSS) 1Q19 Results: Revenues and Comps Down, Expands Amazon Partnership Nationwide and Launches Plus-Size Private Label

Key Points

• Kohl’s reported fiscal 1Q19 revenues of $4.09 billion, beating the consensus estimate of $3.95 billion, and down 2.9% year over year. The company reported 1Q19 EPS of $0.61, lower than the consensus estimate of $0.68, and down 4.7% from the year ago period.
• Comparable sales decreased 3.4% for the quarter compared to the consensus estimate of (0.1)%.
• For fiscal FY19, the company lowered its earnings per diluted share from $5.80-6.15 to $5.15-5.45, compared to the consensus estimate of $6.03.