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Kohl's Corp. Message Board

  • rajoilprasad rajoilprasad Feb 26, 2009 8:01 PM Flag

    KSS dissapoints

    consensus estimate for KSS was $1.03. High est was $1.10. KSS reports earnings of $1.10 and everybody says they missed estimates. How?

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    • "The Company issued its initial guidance for fiscal 2009. Based on assumptions of a total sales decrease of 1% to 4% and a comparable store sales decrease of 5% to 8%, the Company expects earnings per diluted share of $2.00 to $2.30 for the year. For the first fiscal quarter, the Company expects earnings per diluted share of $0.27 to $0.34 based on an assumption of a comparable store sales decrease of 5% to 8%."

      (http://finance.yahoo.com/news/Kohls-Corporation...)

      FY07 diluted EPS: $3.39
      FY08 diluted EPS: $2.89
      FY09 diluted EPS: $2.00-$2.30 guidance


      They beat very low expectations for Q4 FY08. EPS of $1.10 versus $1.03 expected.

      What is going to kill them is the reduced forward guidance for FY09 EPS of $2.00 to $2.30.

      KSS, say bye bye to the 30s and say hello to the low 20s.

      Kohl's may be one of the strongest retailers and will be looking to gain marketshare, but the market as a whole is shrinking much faster than they can grow.

      Let's not forget about that $2b of debt.

    • forecast for 2009-10 is not very promising. Check the long term record for all blue-chips since 1980s (when the 401k programs started) and it easy to figure out all stocks are headed lower and KSS probably to teens.

 
KSS
44.54-0.14(-0.31%)Aug 26 4:02 PMEDT