NEW YORK, NY / ACCESSWIRE / November 10, 2017 / Kohl's and Macy's were the latest retailers to turn in their quarterly reports. While both had mixed earnings, the outlook is what led to traders feeling encouraged. Shares of both stocks close in the green with Kohl's roaring back from a loss of over 7% in pre-market trading yesterday.

RDI Initiates Coverage on:

Kohl's Corporation
https://rdinvesting.com/news/?ticker=KSS

Macy's, Inc.
https://rdinvesting.com/news/?ticker=M

Kohl's Corporation closed up a modest 0.93% on Thursday with a little over 24 million shares traded. Average trading volume for the stock is just under 4 million shares. The stock dropped as much as 7.6% in pre-market trading before rebounding after the retailer released its third-quarter earnings report that missed expectations. Net income for the third quarter was $117 million, or 70 cents per share. Analysts had been waiting for 72 cents. Revenue at $4.33 billion was however in line with what analysts had been expecting. Same-store sales rose 0.1%, also ahead of the consensus of a 0.7% decline. Looking ahead, Kohl's has forecast 2017 EPS in the range of $3.72 to $3.92 and adjusted EPS of $3.60 to $3.80. Previously the company had expected guidance of $3.50 to $3.80 per share. Analysts had been calling for $3.76.

Access RDI's Kohl's Corporation Research Report at:
https://rdinvesting.com/news/?ticker=KSS

Macy's, Inc. shares closed up nearly 11% yesterday on significant volume traded. Macy's saw trading volume of nearly 61 million shares compared to an average of just around 11 million shares. It was a day of green for the company as the retail department store chain released its earnings results for the fiscal quarter ended October 2017. Earnings of 23 cents excluding items easily topped the 19 cents that analysts had expected. Revenue at $5.28 billion did not, however, meet the expectations of $5.31 billion. Same-store sales also fell 3.6% while analysts had expected a drop of just 2.6%. It may have been the company's outlook that had traders feeling optimistic yesterday. CEO Jeff Gennette commented, "We expect continued improvement in our trends in the fourth quarter, including a solid lift from loyalty and digital, and intend to head into 2018 with momentum." Gennette also stated, "A highlight of the third quarter was the launch of the new Star Rewards loyalty program ? our best customers are responding positively. We also saw continued double-digit growth in digital and are encouraged by the potential of Backstage in Macy's stores."

Access RDI's Macy's, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=M

Our Actionable Research on Kohl's Corporation (NYSE: KSS) and Macy's, Inc. (NYSE: M) can be downloaded free of charge at Research Driven Investing.

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