Inside KSS’s Earnings
The company reported net income of $369 million, or $1.83 per share, up from $334 million, or $1.56 per share, a year ago. Analysts expected to see EPS of $1.80.
Revenue for the quarter increased to $6.34 billion from $6.10 billion. Analysts expected to see revenue of $6.33 billion.
Looking ahead, KSS expects to see FY2015 EPS between $4.40 and $4.60. Analysts expect to see EPS of $4.54.
Impressive Holiday Sales
Kohl’s also announced that it has boosted its dividend by 15%, which has raised its yield to about 2.5%.
For FY2015, the company expects sales to grow by 1.8%-2.8%, which is in-line with analysts’ view of 2% growth.
Mutual Funds to Watch
|PRFDX||T. Rowe Price Equity Income||2.72%|
|VTSMX||Vanguard Total Stock Mkt Idx||2.12%|
The Bottom Line
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