Post Earnings Coverage as Kohl’s Earnings Soared 39%

Upcoming AWS Coverage on TJX Cos. Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 31, 2017 / Active Wall St. announces its post-earnings coverage on Kohl’s Corp. (NYSE: KSS). The Company announced its first quarter fiscal 2017 financial results on May 11, 2017. The US based department store chain surpassed revenue expectations. Register with us now for your free membership at:

http://www.activewallst.com/register/

One of Kohl’s’ competitors within the Department Stores space, The TJX Companies, Inc. (NYSE: TJX), announced on May 16, 2017, its sales and earnings results for Q1 FY18 which ended on April 29, 2017. AWS will be initiating a research report on TJX Cos. in the coming days.

Today, AWS is promoting its earnings coverage on KSS; touching on TJX. Get our free coverage by signing up to:

http://www.activewallst.com/register/

Earnings Reviewed

For the quarter ended April 29, 2017, Kohl’s net sales dropped to $3.84 billion compared to net sales of $3.97 billion in Q1 2016, declining for the fifth consecutive quarter. The Company’s sales number lagged behind analysts’ consensus of $3.91 billion. Kohl’s same store sales declined 2.7% in Q1 2017, wider than the preceding quarter’s decline of 2.2%; however it was better than Q1 2016 same store sales decline of 3.9%.

For Q1 2017, Kohl’s net income soared to $66 million, or $0.39 per share, compared to net income of $17 million, or $0.09 per share, in Q1 2016. The Company had recorded a $64 million charge related to impairments and store closures in the year-earlier quarter. On an adjusted basis, Kohl’s posted adjusted earnings of $0.39 per share compared to $0.31 per share in the year earlier same quarter, outperforming Wall Street’s expectations of $0.28 per share.

Cash Matters

As of April 29, 2017, Kohl’s had $625 million of cash and cash equivalents, an increase of $202 million on a y-o-y basis, reflecting conservative cash management and continued inventory discipline. The Company made additional progress on its inventory reduction initiatives during the reported quarter, where inventory per store decreased 1%, while units per store were 5% lower. Kohl’s Account Payable as a percent of inventory increased 400 basis points to 37.1% as a result of lower inventory levels and timing of Easter receipts.

For Q1 2017, Kohl’s capital expenditures were $216 million, approximately $40 million higher than last year. The Company stated that most of the increase was due to spending on its fifth ecommerce fulfillment center, which will open later this year. The Company repurchased 4 million shares of its stock during the reported quarter. Net cash provided by operating activities was $46 million in Q1 2017 compared to net cash of $140 million in Q1 2016.

Dividend

On May 10, 2017, the Kohl’s Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.55 per share. The dividend is payable June 21, 2017, to shareholders of record at the close of business on June 07, 2017.

Store Update

Kohl’s ended the quarter with 1,154 Kohl’s stores, 12 FILA Outlet stores, and three off/Aisle clearance centers in 49 states compared with 1,167 Kohl’s stores at the same period last year.

Stock Performance

At the close of trading session on Tuesday, May 30, 2017, Kohl’s stock price was marginally up by 0.15% to end the day at $38.79. A total volume of 3.30 million shares were exchanged during the session. The Company’s stock has advanced 7.42% in the last twelve months. The Company’s shares are trading at a PE ratio of 11.34 and have a dividend yield of 5.67%. At Tuesday’s closing price, the stock’s net capitalization stands at $6.71 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 464527