Kohl’s (NYSE: KSS) Fiscal 4Q18 Results: Revenues Down, Comps Up, Positively Impacted by Competitor Store Closures

Executive Summary

• Kohl’s reported fiscal 4Q18 revenues of $6.82 billion, beating the consensus estimate of $6.58 billion, and down 3.3% year over year. The company reported 4Q18 EPS of $2.24, higher than the consensus estimate of $2.18, and up 19.8% from the year ago period.
• Comparable sales on a shifted basis increased 1% for the quarter and increased by 1.7% for the year.
• For fiscal FY19, the company expects earnings per diluted share of $5.80-6.15, higher than the consensus estimate of $5.75. Management projects comparable sales of 0% to 2.0%, compared to the consensus estimate of 0.9%.