展望未来，该公司将2025财年调整后每股收益预期从原先的0.5-0.8美元大幅上调至1.25-1.45美元，年度 销售额降幅预期也从5%-6%收窄至3.5%-4%。 周二，柯尔百货(KSS.US)开盘暴涨超30%，逼近此前7月年内高点，报20.78美元。消息面上，柯尔百货 公布了超预期的第三季度财报，同时连续第二个季度上调全年业绩指引，这一信号表明，新任首席执行 官Michael Bender正在帮助这家陷入困境的零售商重回正轨。财报显示，该公司Q3销售额同比下降2.8% 至34.1亿美元，但仍超出分析师预期的33.2亿美元。同店销售额下降1.7%，远优于市场预期的3.9%跌 幅。 ...

Core Viewpoint - Kohl's Corporation (KSS.US) experienced a significant stock surge of over 30% following the release of its better-than-expected Q3 earnings report and the upward revision of its full-year guidance for the second consecutive quarter, indicating a positive turnaround under new CEO Michael Bender [1] Financial Performance - For Q3, Kohl's reported a sales decline of 2.8% year-over-year, totaling $3.41 billion, which exceeded analyst expectations of $3.32 billion [1] - Same-store sales fell by 1.7%, significantly better than the anticipated decline of 3.9% [1] Future Outlook - The company raised its adjusted earnings per share forecast for fiscal year 2025 from a range of $0.50-$0.80 to $1.25-$1.45 [1] - The annual sales decline forecast was also narrowed from 5%-6% to 3.5%-4% [1]

柯尔百货(KSS.US)暴涨超33%，最高触及20.93美元，创逾四个月新高。 消息面上，柯尔百货Q3销售额34.1亿美元，超过分析师预期的33.2亿美元；调整后净利润为1100万美 元，合每股收益0.10美元，远超市场预期的亏损0.17美元；同店销售额下降1.7%，远优于市场预期的 3.9%跌幅。该零售商将2025财年调整后每股收益预期从0.5-0.8美元大幅上调至1.25-1.45美元，销售额降 幅预期也从5%-6%收窄至3.5%-4%。(格隆汇) ...

Core Insights - Kohl's reported quarterly earnings of $0.1 per share, exceeding the Zacks Consensus Estimate of a loss of $0.19 per share, and down from earnings of $0.2 per share a year ago, representing an earnings surprise of +152.63% [1] - The company posted revenues of $3.58 billion for the quarter ended October 2025, surpassing the Zacks Consensus Estimate by 2.55%, but down from $3.71 billion in the same quarter last year [2] - Kohl's has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $5.07 billion, and for the current fiscal year, it is $0.68 on revenues of $15.34 billion [7] - The trend of estimate revisions for Kohl's was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Retail - Regional Department Stores industry, to which Kohl's belongs, is currently ranked in the top 14% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Q3 2025 Performance - Net sales decreased by (2.8%) compared to Q3 2024[53] - Comparable sales decreased by (1.7%)[53] - Gross margin increased by 51 bps compared to Q3 2024, reaching 39.6%[53, 57] - SG&A expense decreased by (2.1%) compared to Q3 2024[53] - Adjusted operating income was $77 million[53] - Adjusted net income was $11 million, or $0.10 of adjusted earnings per diluted share[53] Balance Sheet and Leverage - Net debt + leases to adjusted EBITDAR leverage ratio is 2.6x when adjusting for actual lease periods exercised, compared to an unadjusted ratio of 4.5x[62, 64] 2025 Outlook - Net sales are expected to decline by (3.5%) to (4%) compared to 2024[81] - Comparable sales are expected to decline by (2.5%) to (3%)[81] - Adjusted operating margin is projected to be 3.1% to 3.2%[81] - Adjusted diluted EPS is expected to be $1.25 to $1.45[81]

Core Viewpoint - The company raised its guidance for the fiscal year [1] Summary by Relevant Categories - Financial Performance - The company has increased its financial guidance for the fiscal year, indicating a positive outlook on revenue and earnings growth [1]

Core Insights - Kohl's reported strong results coinciding with Michael Bender's second day as the official CEO, indicating a positive start for his leadership [1] - Discount retailers, including Kohl's, are experiencing an uptick in sales, suggesting a favorable market environment for value-oriented shopping [1] Company Summary - Kohl's performance reflects a broader trend among discount retailers, which are benefiting from increased consumer spending in the current economic climate [1] - The leadership transition to Michael Bender may signal a strategic shift or renewed focus on enhancing sales and customer engagement [1] Industry Summary - The discount retail sector is witnessing a resurgence, with sales growth indicating a shift in consumer preferences towards value-driven purchases [1] - The overall retail landscape is adapting to changing economic conditions, with discount retailers positioned to capture a larger market share [1]

Core Insights - Kohl's Corporation reported better-than-expected Q3 earnings, indicating a positive turnaround under new CEO Michael Bender's leadership [1][2] - The company raised its fiscal 2025 adjusted EPS guidance significantly, reflecting improved performance despite ongoing challenges [1][2] Financial Performance - Q3 sales decreased by 2.8% year-over-year to $3.41 billion, surpassing analyst expectations of $3.32 billion [1] - Same-store sales fell by 1.7%, better than the anticipated decline of 3.9% [1] - Gross margin improved by 51 basis points compared to the previous year, with operating profit at $73 million, down from $98 million year-over-year [1] - Adjusted net income was $11 million, translating to an EPS of $0.10, significantly exceeding the market expectation of a loss of $0.17 [1] Future Outlook - The adjusted EPS forecast for fiscal 2025 was raised from $0.50-$0.80 to $1.25-$1.45, while the annual sales decline expectation was narrowed from 5%-6% to 3.5%-4% [1] - The company emphasized that its value proposition is gaining consumer recognition, despite facing challenges with 15 consecutive quarters of year-over-year revenue decline [2] Strategic Initiatives - Bender is continuing the strategic initiatives set by his predecessor, focusing on revitalizing the jewelry business and increasing the supply of small-sized apparel [2] - The company has strengthened partnerships with brands like Sephora, introducing trendy products to attract younger consumers [2] Market Trends - The retail industry is witnessing a trend where some consumers are cutting back on spending, while higher-income shoppers are shifting towards affordable products, which may benefit Kohl's due to its competitive pricing [2] Competitor Response - Following Kohl's positive earnings report, competitor Macy's saw its stock price rise by over 5% in pre-market trading [3]

Core Insights - Kohl's raised its full-year outlook following a surprise profit in the fiscal third quarter, indicating that the company's turnaround efforts are gaining momentum [1] Financial Performance - The company reported a surprise profit in the fiscal third quarter, which contributed to the positive revision of its full-year outlook [1] Strategic Direction - Kohl's management emphasized that the turnaround strategy is showing signs of progress, suggesting effective implementation of their plans [1]

AI Chip Market - Meta Platforms is reportedly in multi-billion-dollar discussions with Google to acquire its custom AI chips, known as Tensor Processing Units (TPUs), starting in 2027 [2] - Google may also rent TPUs to Meta from Google Cloud as early as next year, marking a strategic shift in competition with Nvidia [2] - Broadcom shares rose by as much as 4.6% due to its partnership with Google on TPU development [2] - Michael Burry has drawn parallels between Nvidia and Cisco during the dot-com era, suggesting a potential bubble in the AI market [3] Retail Sector Performance - Kohl's reported Q3 2025 net sales of $3.4 billion, exceeding estimates of $3.33 billion, with shares surging by as much as 25% [4] - Kohl's adjusted EPS was $0.07 against an estimated loss per share of $0.16, raising its full-year adjusted EPS outlook to $1.25 to $1.45 [4] - Best Buy's Q3 2025 revenue reached $9.67 billion, surpassing the estimated $9.58 billion, with adjusted EPS of $1.40 compared to an estimated $1.30 [5] - Best Buy experienced a 2.4% increase in U.S. comparable sales and a 2.7% rise in enterprise comparable sales [5] Economic Indicators - Deutsche Bank forecasts a 25 basis point Federal Reserve rate cut in December, followed by an extended pause in rate adjustments through 2025 [6] - The proportion of unemployed Americans with four-year college degrees has reached a record 25.3% of total unemployment, doubling since the 2008 financial crisis [7] Geopolitical and Energy Market Developments - The UK has expressed willingness to deploy military support for a ceasefire and lasting peace deal in Ukraine [10] - Russia's Black Sea Novorossiisk and CPC oil terminals have resumed loadings after drone attacks, indicating a swift recovery in operations [11] - Iranian crude held on tankers at sea has reached a two-and-a-half-year high, suggesting shifts in global crude demand and supply dynamics [11] Corporate and Policy Updates - Tesla's price target was cut by Mizuho to $475 from $485 [12] - Volkswagen plans to reduce electric vehicle development costs in China by up to 50% [12] - Deutsche Bank downgraded DuPont's price target to $46 from $90 [12] - The China Space Agency is developing new policies for commercial satellite launches, indicating a structured approach to its commercial space sector [12] - French prosecutors have initiated an investigation into eBay [12]