Kohl’s Reports Successful Holiday Sales Numbers and Increases Guidance

Kohl’s Corporation (KSS) reported on January 8 that November and December sales exceeded the previous year by 6.9%. All lines of business and all regions had improved comparable sales from the previous holiday season. Based on the positive holiday results, the company increased earnings guidance for fiscal 2017 to between $4.10 and $4.20 per diluted share. Prior guidance estimates were for earnings between $3.72 and $3.92.

 

Sonal detected the event and issued an alert to subscribers at 7:00 am on January 8. The next trade took place at 7:01 am for $56. The market opened later in the morning for regular market trading at $58.67. The stock closed for the day at $56.90. The price, however, continued to trend higher during the next five trading sessions before closing at $63.40 on January 16. That makes a gain of over 13% for investors in the days following the event.

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