“We think the company has upside potential based on a plan to cut inventory receipts mid-single-digits annually for the next few years,” said Bank of America analysts.
Bank of America is expecting a 3 percent Q3 comp decline, more than double the Street’s consensus view. Analysts are modeling for a 1 percent comp increase in the fourth quarter, however. Every 1 percent of comp upside in Q4 adds 2 percent to the FY2016 EPS outlook.
Department Store Retailers Year-To-Date Performances
Kohl’s is considered one of the most weather-dependent retailers, with the third quarter in particular being so. Therefore, unseasonably warm weather could weigh on earnings.
At last check, Kohl's was
Image Credit: By hattiesburgmemory (Kohl's Uploaded by AlbertHerring) [CC BY 2.0], via
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