Kohl's beats by $0.12, beats on revs; raises FY19 EPS guidance
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Reports Q2 (Jul) earnings of $1.76 per share, $0.12 better than the S&P Capital IQ Consensus of $1.64; revenues rose 4.0% year/year to $4.57 bln vs the $4.27 bln S&P Capital IQ Consensus.
- Shifted comparable sales increase 3.1%; fiscal comparable sales increase 4.3%
- Gross margin increases 42 bps
- Co issues in-line guidance for FY19, sees EPS of $5.15-5.55, excluding non-recurring items, vs. $5.39 S&P Capital IQ Consensus, above prior guidance of $5.05-5.50