Kohl’s (NYSE: KSS) 2Q19 Results: Revenues and Comps Down, Introducing Emerging Brands Platform with Facebook

Executive Summary

• Kohl’s reported 2Q19 revenues of $4.43 billion, beating the consensus estimate of $4.31 billion, and down 3.1% year over year. The company reported adjusted 2Q19 EPS of $1.55, higher than the consensus estimate of $1.53, and down 11.9% from the year ago period.
• Comparable sales decreased 2.9% for the quarter, compared to the consensus estimate of down 2.4%.
• For fiscal FY19, the company affirmed its annual earnings per share EPS guidance of $5.15-5.45, compared to the consensus estimate of $5.23. The company expects comparable sales to be flat to slightly down for the year.