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Kohl's Corp. Message Board

  • shortofaname_99 shortofaname_99 May 15, 2008 4:40 PM Flag

    Disastrous results!

    Company is not generating any cash. Taking on more and more debt. Could go bankrupt.

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    • you guys make me laugh. KSS results were way better than anybody could have expected.....yeah, sales are weak. SSS for the Q are down 6.7% and are expected to be down 3-5% for the FY. Not good, but its all about expectations. Expectations were LOWER than this environment its all about managing the business, and that is exactly what KSS is doing. Inventory/sq. foot is down over 9% in Q1 and will be down around 9% in Q2 .....that is why gross margins will be flat to up for the full year. That is what you should be focused on, not all the other fluff. Guidance for FY08 is probably going to end up being conservative......KSS DOES generate cash and will be buying back stock this year that is NOT included in current guidance. They bought back $150m in Q1.....more to come. They are buying back over 13% of the float at a time when the stock is depressed ------ that is a huge positive for long-term shareholders.....and given the fact that unemployment will not go to levels seen in previous recessions (due to a weak dollar and exports remaining strong ---- keeping those low/middle income jobs in check in the manufacturing sector) - will keep people shopping at those lower/middle end stores like WMT, TGT, and KSS......sales won't be as bad as current consensus believes.

      Learn how to analyze a stock. This board is a joke.

      • 6 Replies to nikkei6758
      • Here's what I think some of Kohl's problems are:

        * their strategy of setting up stores away from shopping malls is not best when transport costs are up

        * WalMart and Target are fierce competitors and won't allow them to expand successfully

        * opening new stores while economy is slowing

        * inflation will drive up costs while competition gives them no pricing power

        * on-line is not one of their strengths and will be the only growing retail segment during recession or slow down if you like that term better

        * their stores sell lots of that Made in china stuff. China won't be selling that stuff so cheaply anymore given the increase in transport costs.

        Basically, it's a brand new world and Kohl's is a stodgy old chain store. I agree with another post that mentioned that Kohls in its initial nationwide expansion took over a lot of stores from chains that went bankrupt- Bradlees in my area- insanity is doing what has always been done and expecting different reslts.

      • Inventory per square feet is down...what kind of indicator is this? A company going for the make or break principle would borrow to expand (in term of square footage) would make this indicator silly.
        Notice from 07 to 08, Long term debt about doubled from 1,040,057 to 2,051,875 and Net receivables about doubled (money expected: such as consumer purchases with credit card) increased from 40,190 to 71,069

        Notice 06 Net Receivable 1,675,742 decreased to 40,190 as
        shareholders equity decreased from 5,957,338 to 5,603,395

      • Agreed with last post, and will only add about unemployment: Boomers starting to retire in droves every month will keep the unemployment rate from rising too much....

        ...something not mentioned in the media, and a reason why we will need MORE immigration - legal or otherwise - in the next few years, contra the belief system of Lou Dobbs et al.....

    • wait till 2nd quarter results come out...stimilus checks will at $10 to stock is beginning to change it's tune.

    • Wow...possibly the dumbest post in a/h...learn to read Dr. Seuss and then give a p&l, balance sheet and cashflow another shot!

    • your not short of a name, your short of a brain, not many companies that earn 209 million in a qrt file bankruptcy

    • Show the numbers peabrain...

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