the republic logo

Kohl's 4th-quarter performance beats Wall Street's view as key sales metric improves

bug
Share/Save/Bookmark

MENOMONEE FALLS, Wisconsin — Kohl's fiscal fourth-quarter profit climbed as sales improved during the holiday shopping season.

The Menomonee Falls, Wisconsin-based department-store chain also boosted its quarterly dividend by 15 percent.

Kohl's Corp. earned $369 million, or $1.83 per share, for the period ended Jan. 31. That compares with $334 million, or $1.56 per share, a year ago.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.

The company reported revenue of $6.34 billion in the period, also surpassing Wall Street forecasts. Analysts expected $6.3 billion, according to Zacks.

Sales at stores open at least a year, a key indicator of a retailer's health, climbed 3.7 percent. This metric excludes results from stores recently opened or closed.

For the year, the company reported a profit of $867 million, or $4.24 per share. Revenue came in at $19.02 billion.

Kohl's expects 2015 earnings to be $4.40 to $4.60 per share. Revenue is targeted to rise 1.8 percent to 2.8 percent, with sales at stores open at least a year projected to climb 1.5 percent to 2.5 percent. Analysts polled by FactSet expect earnings $4.55 per share.

The chain said its quarterly dividend of 45 cents per share will be paid on March 25 to shareholders of record on March 11.

Kohl's had 1,162 stores in 49 states at the end of fiscal 2014.

Its stock gained $1.26 to $72.16 in midday trading.

_____

Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KSS at http://www.zacks.com/ap/KSS

_____

Keywords: Kohl's, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.