Kohl's Q1 Net Drops, but Beats EPS Estimates
Kohl's results for the company's Q1 have been released. For the quarter, sales totaled just under $4.2 billion, down slightly from the $4.24 billion in the same period the previous year. Net profit also saw a slide, by 4%, to $147 million ($0.66 per diluted share) from Q1 2012's $154 million ($0.63).
On average, analysts had been expecting revenue of $4.27 billion and EPS of $0.57.
In terms of operations, the firm ended Q1 with a total of 1,155 stores spread across 49 states. The former number in the same quarter of 2012 was 1,134.
Kohl's also provided forward earnings guidance. For its current Q2, diluted EPS is expected to come in at $1.00-$1.08. This projection anticipates share repurchases during the quarter, however.
The article Kohl's Q1 Net Drops, but Beats EPS Estimates originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Kohl's. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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