Kohl's Corporation KSSposted first-quarter fiscal 2018 results, with the top and the bottom line improving year over year and beating the Zacks Consensus Estimate. This marked Kohl’s fourth consecutive sales beat, while earnings came ahead of estimates for the second successive quarter.
Moreover, this Zacks Rank #2 (Buy) stock has rallied 72.
Adjusted earnings per share of 64 cents surpassed the Zacks Consensus Estimate of 49 cents and soared 65% on a year-over-year basis. On a reported basis, earnings improved 15% to 45 cents. The uptick came on the back of solid sales and enhanced gross margin.
Sales and Margins
First-quarter net revenues came in at $4,208 million, which beat the Zacks Consensus Estimate of $3,951 million and rose 3.5% year over year.