Kohl’s stock rises after strong earnings and new partnership
- Kohl’s beats quarterly earnings estimates
- Announces partnership with Babies ‘R’ Us
- Net sales of $5.7 billion for Q4
- Same-store sales fell 4.3% from a year earlier
- Expects net sales to range between falling 1% and rising 1% for the current fiscal year
- Expects per-share earnings of $2.10 to $2.70 for the current fiscal year
- Plans to open Babies ‘R’ Us shops in Kohl’s stores
- Kohl’s stock up 2.9% in premarket trading
Shares of Kohl’s were trading higher after the retailer topped quarterly earnings estimates and announced a partnership with Babies “R” Us. Kohl’s reported fourth-quarter net sales of $5.7 billion, beating Wall Street’s call for $1.21 per share. However, net sales missed consensus estimates and same-store sales fell 4.3% from a year earlier. For the current fiscal year, Kohl’s expects net sales to range between falling 1% and rising 1%, with per-share earnings projected at $2.10 to $2.70. CEO Tom Kingsbury expressed optimism for future growth and highlighted the partnership with Babies ‘R’ Us as an opportunity to expand their presence in the baby gear category. The first Babies ‘R’ Us shops will open in Kohl’s stores in August, with plans to expand to about 200 stores this fall. As a result of the positive news, Kohl’s stock was up 2.9% in premarket trading.
Factuality Level: 8
Factuality Justification: The article provides factual information about Kohl’s fourth-quarter net sales, earnings, and future expectations. It includes relevant details such as the company’s performance compared to Wall Street estimates, same-store sales figures, and future plans with Babies ‘R’ Us. The article does not contain any obvious bias, misleading information, or sensationalism.
Noise Level: 3
Noise Justification: The article provides relevant information about Kohl’s fourth-quarter earnings, including net sales, earnings per share, and same-store sales. It also mentions the partnership with Babies ‘R’ Us and future plans. However, the article lacks in-depth analysis, accountability, and scientific rigor. It mainly focuses on financial numbers and announcements without delving into broader implications or antifragility.
Financial Relevance: Yes
Financial Markets Impacted: Kohl’s stock
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Kohl’s quarterly earnings and its partnership with Babies ‘R’ Us. However, there is no mention of any extreme event or its impact.
Public Companies: Kohl’s (KSS)
Private Companies: Babies “R” Us
Key People: Tom Kingsbury (CEO)
Reported publicly:
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