- Kolya beat on the top and bottom lines.
- Comparable sales were positive for the fourth consecutive quarter.
- The retailer raised his leadership, but missed the consensus estimate.
- See the real-time Kohl trade here,
Kolya reported in the second quarter results on Tuesday that outperforms Wall Street estimates both in the upper and lower lines, but gave some disappointing recommendations on which shares fell by as much as 5% before the opening bell.
The retailer earned an adjusted $ 1.76 per share of $ 4.31 billion. These figures outpaced $ 1.64 and $ 4.29 billion, Which analysts expected, interviewed by Bloomberg. In addition, comparable sales were positive for the fourth consecutive quarter, rising 3.1% and easily outstripping the expected increase of 2.6%.
"We saw strength in business – both in our stores and in digital channels, in all regions of the country, as well as in our own and national brands," said Michelle Gass's CEO. earnings,
Management increased adjusted earnings per share throughout the year from $ 5.15 to $ 5.55 per share (from $ 5.05 to $ 5.50), which corresponds to an average of 5 , $ 35. According to Bloomberg, the consensus on Wall Street was $ 5.36.
Kohl shares rose 45% this year until Monday.