Executive Summary

• Kohl’s reported 1Q17 adjusted EPS (excluding nonrecurring items) of $0.37, up 23.4% year over year and beating the consensus estimate of $0.29. Revenues were $3.84 billion, down 3.2% year over year and slightly below the $3.91 billion consensus estimate.
• Comparable-store sales were (2.7)%, below the (1.2)% consensus estimate.
• The company did not update its prior EPS guidance of $3.50–$3.80 for FY17.