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Kohl's (KSS) Stock Down on Q1 Earnings Miss & Slashed View
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Q1 in Detail
Kohl’s adjusted earnings of 61 cents per share missed the Zacks Consensus Estimate of 67 cents and declined 4.7% on a year-over-year basis. This can be accountable to soft revenues and increased SG&A expenses.
Total revenues came in at $4,087 million, which fell 2.9% from the prior-year quarter. Moreover, the figure came below the Zacks Consensus Estimate of $4,203 million. Net sales also decreased 3.3% to $3,821 million, while other revenues grew 4.3% to $266 million in the quarter.
Further, comps declined 3.4% against growth of 3.6% recorded in the year-ago quarter. This crushed the company’s positive comps record of six straight quarters.
Moving on, gross margin fell 6 basis points (bps) to 36.8% in the reported quarter. SG&A expenses as percentage of sales expanded 130 bps to 31.2%. Further, operating income came in at $118 million, down from the prior-year quarter’s $210 million.
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![[Bild: KSSc1dl1556.png]](https://finviz.com/publish/052119/KSSc1dl1556.png)
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Q1 in Detail
Kohl’s adjusted earnings of 61 cents per share missed the Zacks Consensus Estimate of 67 cents and declined 4.7% on a year-over-year basis. This can be accountable to soft revenues and increased SG&A expenses.
Total revenues came in at $4,087 million, which fell 2.9% from the prior-year quarter. Moreover, the figure came below the Zacks Consensus Estimate of $4,203 million. Net sales also decreased 3.3% to $3,821 million, while other revenues grew 4.3% to $266 million in the quarter.
Further, comps declined 3.4% against growth of 3.6% recorded in the year-ago quarter. This crushed the company’s positive comps record of six straight quarters.
Moving on, gross margin fell 6 basis points (bps) to 36.8% in the reported quarter. SG&A expenses as percentage of sales expanded 130 bps to 31.2%. Further, operating income came in at $118 million, down from the prior-year quarter’s $210 million.
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