Kohl's tops profit estimates but warns of slower sales growth ahead [Reuters]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Reuters
Kohl's tops profit estimates but warns of slower sales growth ahead | Reuters 3 Min Read (Reuters) - Kohl’s Corp ( KSS.N ) topped Wall Street forecasts for first-quarter profit and revenue on Tuesday but warned that same-store sales growth would slow in the second half of the year, sending the U.S. department store chain’s shares down 6 percent. Kohl’s saw higher sales in the first quarter thanks to Mother’s Day and other discounts grouped under its Friends & Family promotional event, but said it expects headwinds to growth in the third and fourth quarters. The company raised its annual earnings forecast, while maintaining expectations for same-store sales. Kohl’s now expects adjusted earnings of between $5.05 and $5.50 per share for the 2019 fiscal year, compared with an earlier forecast of $4.95 to $5.45. The increase in the earnings forecast was not as high as it could have been, given Kohl’s strong performance in the first quarter, said Kim Forrest, senior equity research analys
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website