Earnings Preview: Is Kohl's Getting Back on Track?
After a multiyear run of mediocre performance, Kohl's (NYSE: KSS) finally seemed to get its house in order about two years ago. Unfortunately, the No. 2 department store operator's results took a sudden turn for the worse in the first quarter of fiscal 2019.
Back in May, Kohl's executives warned investors not to expect an immediate rebound in sales and earnings for Q2. However, they did predict that performance would improve significantly in the second half of the year, starting with the back-to-school season. Kohl's upcoming second-quarter earnings report and conference call will give investors more insight into whether business trends are turning around as expected.
In the second half of 2017, Kohl's began a streak of six consecutive quarters of comparable-store sales growth. For fiscal 2017 as a whole, Kohl's posted a 1.5% comp sales increase, largely due to a stellar 6.3% comp sales gain in the fourth quarter of that year. Growth continued throughout fiscal 2018, with comp sales rising 1.7% on a full-year basis.
Source Fool.com
