Kohl's Corporation NYSE: KSS markety, domy towarowe

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Kohl’s Corp. (NYSE: KSS) announced Tuesday morning that it is partnering with a company some have dubbed as the Death Star for retailers : Amazon.com Inc. (NASDAQ: AMZN). In this partnership, Kohl’s will be accepting returns for items purchased on Amazon at all of its stores beginning in July.

Originally, Kohl’s and Amazon first worked together in 2017 to pilot the returns program, which is currently operating in 100 stores in the Los Angeles, Chicago and Milwaukee markets. Now the duo will roll out this program to all of Kohl’s more than 1,150 locations across 48 states.

Taking a step back, this might seem like making a deal with the devil, as Amazon has slaughtered retailers in recent years. Only with the development of omnichannel platforms have some of these retailers been able to fight back and hold on to their market share. Kohl’s took a different tact.

It seems that if Kohl’s can sustain a relationship with Amazon’s e-commerce empire, it can live to fight another day. Even last month, Kohl’s announced that it will expand its product relationship with Amazon by carrying Amazon products in more than 200 stores.

While this recent move is a big boon for the stock, Kohl’s hasn’t got its act together recently, with its stock up less than 2% in 2019. Comparatively, Walmart, Target, TJX, Dillards and J.C. Penney are each up at least 10%, with J.C. Penney leading the group with a 25% year-to-date gain. If Kohl’s is relying on Amazon to keep pace with this group, does it seem like it’s selling its soul to Amazon?

https://247wallst.com/retail/2019/04/23 ... the-devil/

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When Kohl’s Corp. (NYSE: KSS) released its fiscal second-quarter financial results before the markets opened on Tuesday, the retailer said that it had $1.55 in earnings per share (EPS) and $4.43 billion in revenue. Consensus estimates had called for EPS of $1.53 on $4.2 billion in revenue. The same period of last year reportedly had $1.76 in EPS and revenue of $4.57 billion.

During the latest quarter, comparable sales decreased 2.9% year over year. Comparable sales were up 3.1% in the same period of last year.

The board of directors declared a quarterly cash dividend on the common stock of $0.67 per share. The dividend is payable September 25, 2019, to shareholders of record at the close of business on September 11.

Looking ahead to the fiscal full year, Kohl’s affirmed its guidance calling for EPS in the range of $5.15 to $5.45. Consensus estimates call for $5.23 in EPS and $19.05 billion in revenue for the full year.

https://247wallst.com/retail/2019/08/20 ... od-enough/
https://seekingalpha.com/article/428721 ... ngcom_feed

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Kohl's Is Not A Dividend Trap

Summary
Kohl's reported Q2 earnings with a disappointing comparable sales figure and a profit that fell -15%.

The company's Amazon partnership has yet to see any real impact on sales, but it may be too early to tell.

The stock trades at a low P/E with a 5.5% yield and substantial free cash flow covers this, as well as future growth opportunities.

https://seekingalpha.com/article/428700 ... ngcom_feed

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Not So Happy Holidays for Kohl’s After Earnings
Kohl’s Corp. (NYSE: KSS) released its fiscal third-quarter financial results before the markets opened on Tuesday. The retailer said that it had $0.74 in earnings per share (EPS) and $4.625 billion in revenue, compared with consensus estimates that called for $0.86 in EPS and $4.4 billion in revenue. The same period of last year reportedly had $0.98 in EPS and $4.628 billion in revenue.

For the latest quarter, Kohl’s posted an increase in comparable sales of 0.4%, which comes in lower than last year’s increase of 2.5%.

The board of directors declared a quarterly cash dividend of $0.67 per share on Kohl’s common stock. The dividend is payable December 24, to shareholders of record at the close of business on December 11.

In terms of guidance, the company now expects adjusted annual EPS to be $4.75 to $4.95, down from its prior guidance of $5.15 to $5.45. Consensus estimates call for $5.19 in EPS and $18.99 billion in revenue for the full fiscal year.

https://247wallst.com/retail/2019/11/19 ... -earnings/

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Kohl’s Corp. (NYSE: KSS) was upgraded to Buy from Neutral at Citigroup, which raised the price target on the retailer to $56. The consensus target is just $37.60. The stock closed on Thursday at $45.16 per share.

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Kohl’s (KSS) reported Q4 EPS rose 12% as sales slid 10% to $6.1 billion. Digital sales grew 22% and accounted for 42% of total sales

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Kohls (NYSE:KSS) stock fell 6.4% despite the retail chain reporting a near 70% jump in first-quarter sales and raising its forecast for 2021 profit, as it prepares for the upcoming shopping boom after a pandemic hit. Its stock is up nearly 50% year to date.

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Kohl's Corporation doubles dividend. $KSS #dividends

ps. dywidenda wstrzymana przez rok 03.2020-03.2021 potem wznowiona o 2/3 mniejsza

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Kohls (NYSE:KSS) stock soared 9.1% after the department store chain announced it was in exclusive negotiations with retail store operator Franchise Group (NASDAQ:FRG) over a potential deal, valuing it at nearly $8 billion.

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BOSTON (Reuters) -Franchise Group, the preferred bidder to acquire Kohl's (NYSE:KSS), is in discussions to keep the retailer's top management team, including CEO Michelle Gass, if the planned sale is finalized, three sources familiar with the matter said.

Franchise Group (NASDAQ:FRG), which owns brands including Vitamin Shoppe and Buddy's Home Furnishings, joined the bidding for Kohl's in April and earlier this month agreed to a three-week period of exclusive talks after offering to pay around $60 a share.

Franchise Group executives have signaled confidence in Gass and members of her management team, the sources said, noting that Franchise Group is known to buy businesses that have operating teams in place and does not specialize in bringing in new management teams. The sources requested anonymity to talk about private discussions.

The sale process was sparked by activist investors' demands, and in May Gass and the board fended off a bid by Macellum Advisors for Kohl's board seats. Investors appeared to agree with the company as it argued that seating new directors now could scuttle the sales process.

Gass, who joined the Menomonee Falls, Wisconsin-based retailer in 2013 as its chief customer officer, has been CEO since May 2018.

A representative for Kohl's could not be reached and a representative for Franchise Group did not immediately respond to a request for comment.

Kohl's in May cut its earnings forecast for the year, warning of weaker sales amid high inflation, even after it tried to bring in more customers through partnerships with Amazon (NASDAQ:AMZN) and beauty retailer Sephora.

As the sales process heated up, questions swirled around the future of the department store's top executives. In May, Kohl's said its chief merchandising officer and chief marketing officer would be leaving the company soon, news that sent the share price lower.

Reuters reported in April that Franchise Group had joined the bidding for Kohl's.

Since then bidders submitted best and final offers which were below indicative bids, reflecting the market downturn and the U.S. retailer's deteriorating business.

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Kohl's Plunges 15% After Reportedly Terminating Sale Talks with Franchise Group

Shares of Kohl's Corp (NYSE:KSS) are down almost 15% in premarket trading Friday after the company reportedly abandoned sale talks with Franchise Group (NASDAQ:FRG), according to CNBC.

The move comes after the department store retail chain continues to see a major slowdown in sales. The company has been pushed by activist investors over the past few months to sell its business and revamp its board of directors.

The timing to fund such an acquisition is far from ideal due to sharp volatility and uncertainty around the stock market and the U.S. economy as the Federal Reserve hikes interest rates to curb the record-high inflation.

Earlier this week, Walgreens Boots Alliance (NASDAQ:WBA) also terminated its plan to sell its U.K. pharmacy unit because no interested party came up with an acceptable offer due to the current market commotion.

Franchise Group, which houses well-known retail brands such as American Freight, Buddy's Home Furnishings, and The Vitamin Shoppe, has been considering reducing its takeover bid for Kohl’s to around $50 per share from $60 per share, according to recent reports.

The holding company was reportedly weighing slashing the offer because of the ongoing challenges in the retail industry and increasing concerns over a potential recession.

Earlier this month, Franchise Group offered to acquire Kohl’s for $60 per share at a valuation of about $8 billion, after which the two companies initiated talks to negotiate due diligence and final agreements, but the deal fell apart in the end.

Kohl’s stock is down nearly 30% this year.

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Kohl's CEO Gass to leave for top job at Levi Strauss

(Reuters) -Kohl's Corp boss Michelle Gass is leaving to take the helm at Levi Strauss & Co (NYSE:LEVI) amid renewed calls from activist investors for management changes at the struggling department store chain.

Kohl's (NYSE:KSS) said it would install Tom Kingsbury, a director nominated by hedge funds Macellum Advisors and Ancora Holdings, as interim chief from Dec. 2, sending its shares up 10% on Tuesday. The company also forecast third-quarter earnings above Wall Street estimates.

Gass came under renewed pressure from Macellum Advisors and Ancora after Kohl's decided in July to remain independent after exploring a sale.

Ancora said it was "pleased" with Kingsbury's appointment and that it was the right time for Kohl's to pivot to new leadership. Macellum did not respond to a request for comment.

Gass, a former Starbucks (NASDAQ:SBUX) executive who took the helm at Kohl's in 2018, will become president at Levi's early next year before taking over from long-time CEO Chip Bergh within 18 months.

Bergh has led Levi's for the last 11 years and was involved in the company's return to public markets in 2019.

At Levi's, Gass faces the challenge of helping the denim maker navigate out of an inflationary environment that has caused a slump in discretionary spending and hit earnings across the retail space.

"I expect Gass' focus at Levi's will be on bringing the company closer to consumers through better distribution and direct selling, particularly online," said Neil Saunders, managing director at research firm GlobalData.

Gass is no stranger in finding ways to pull in new retail customers, having helped drive more traffic to Kohl's stores through tie-ups with Sephora and Amazon.com Inc (NASDAQ:AMZN).

Kohl's on Tuesday forecast third-quarter earnings of 82 cents per share, compared with analysts' estimates of 64 cents, according to Refinitiv IBES data.

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Kohl’s Corp (NYSE:KSS) withdrew its guidance for the full-year, citing macroeconomic uncertainty, though its quarterly results also topped analysts’ estimates.

Latest Release
Nov 17, 2022

EPS / Forecast
0.82 / 0.63

Revenue / Forecast
4.23B / 4.08B

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Kohl’s (KSS) reported a surprise
18% EPS gain, defying views for
a loss. Revenue fell for a fifth
straight quarter, down 3.8%

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Kohl’s (NYSE:KSS) was raised to Outperform from Market Perform at TD Cowen on Thursday with analysts raising the firm's price target on the stock to $30 from $23 per share.

They told investors the upgrade follows TD Cowen's meeting with Kohl's CEO.

"We are making this decision early with some proof points as we believe the new CEO has practical retail ideas that are well positioned to work after many years of insufficient change," explained analysts.

"Our take is that Tom Kingsbury, who was officially appointed CEO in early February and was former CEO of BURL from 2008 to 2019, has a practical merchant background and is leveraging this experience to drive positive change."

The analysts pointed to new home decor & gifting product, improved fashion execution, a simplified promotional strategy, and pragmatic store layout revisions as reasons they believe the company can "drive healthier and more consistent traffic and faster inventory turns."

They said Kohl's valuation is attractive, adding that they have identified a $5+ FY27 EPS opportunity.

"We raise our FY24 estimates on conviction that the new merchandise could add a +LSD% lift to the comp outlook, drive store productivity and leverage on occupancy, along with an SG&A leverage on fewer Sephora build-outs to arrive at an EPS of $3.60 compared to the Street's $2.98," analysts said.