Q218 - All metrics on track
Kohl's Q2 EPS was $1.76, ahead of consensus $1.64 with a comp beat (3.1% versus consensus 2.6%), and good gross margins and inventory. FY guidance is raised, though by slightly less than the Q2 beat. Given heightened expectations following peers' strong results over the past week, we believe this may be causing the current premarket pullback in the stock. Even though valuation does look stretched and expectations are high, the fundamentals of the business look very solid, adding to the positive outlook for the sector overall into Fall.Kohl's operates department stores, a website (www.Kohls.com), FILA outlets, and Off-Aisle clearance centers. The company's Kohl's stores and website sell proprietary and national brand apparel, footwear, accessories, beauty and home products. The company's website includes merchandise that is available in its stores, as well as merchandise that is available only online. The company's portfolio includes private brands such as Apt. 9, Croft & Barrow, Jumping Beans, SO and Sonoma Goods for Life and exclusive brands that are developed and marketed through agreements with brands such as Food Network, LC Lauren Conrad, Elle and Simply Vera Vera Wang.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.