Before Thursday’s opening bell, Kohl’s (KSS ) reported higher fourth quarter results, which beat analysts’ estimates.
KSS's Earnings in Brief
- KSS reported earnings of $369 million, or $1.83 per share, up from $334 million, or $1.56 per share, a year ago.
- Revenue rose to $6.34 billion from $6.10 billion.
- On average, Wall Street analysts expected to see EPS of $1.80 and $6.33 billion in revenue.
- Looking forward, the company expects to see FY2015 EPS between $4.40 and $4.60 and sales growth between 1.8% and 2.8%. Analysts expect to see EPS of $4.54.
Chairman, President and CEO Kevin Mansell commented: “Our fourth quarter results showed significant improvement as many of our Greatness Agenda initiatives took hold. Our 3.7% increase in comparable sales was driven by both transactions per store – a key area of focus – and average transaction value.”
The retailer announced that it has boosted its quarterly dividend by 15% to 45 cents quarterly. The next dividend will be paid on March 25 to shareholders of record on March 11.
Shares of KSS were up $1.60, or 2.26%, during pre-market trading Thursday. The stock is up 16.15% YTD.