NEW YORK, NY / ACCESSWIRE / January 9, 2018 / Kohl's was on fire in Monday trading as it was revealed that the retailer had the best same-store sales than competitors in the holiday season. Shares hit a brand new high. Wal-Mart shares also hit a brand new high despite a lawsuit against the company emerging that alleges Wal-Mart's organic eggs were misleading customers in the U.S.

RDI Initiates Coverage on:

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

Wal-Mart Stores, Inc.
https://rdinvesting.com/news/?ticker=WMT

Kohl's Corporation shares closed up 4.67% on nearly 11.9 million shares traded on Monday. The retailer soared to a new high of $59.09 during intra-day trading yesterday. The retailer is on its way to having its best holiday season in years and Wall Street was celebrating the news. Shares jumped as much as 9% on Monday after reporting that there was a 6.9% rise in same-store sales for November as well as December. Analyst Chuck Grom of Gordon Haskett remarked, "Unlike peers JCP and Macy's, Kohl's enjoyed consistent results in both November and December, with traffic in store positive while digital sales came in well ahead of the year-to-date trend." The company had strong same-store sales than rivals for the holidays. Kohl's has now forecast fiscal 2017 EPS of $4.10 to $4.20. Previously the company had forecast $3.72 to $3.92 while Wall Street had anticipated $3.64.

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

Wal-Mart Stores, Inc. shares closed up 1.48% yesterday on mediocre trading volume compared to average but not without the stock still hitting a new high of $101.75. Despite the new high, the retail giant has been hit with a lawsuit that alleges it has misled shoppers in the United States by selling organic eggs that were actually laid by hens who were raised in enclosed structures. The package labels had said the birds had access to the outdoors according to the lawsuit. The lawsuit said, "Consumers paying more for these eggs have been deceived. The theoretical ability to view the outdoors is not the same as having access to it." Wal-Mart has yet to look over the allegations but has released the following statement via spokesman Randy Hargrove, "We hold our suppliers to high standards and are committed to providing our customers the quality products they expect." In other news, Wal-Mart de Mexico, the country's biggest retailer, said that Mexican stores that have been open at least a year saw sales rise 6.7% in December compared to the same period a year earlier.

Access RDI's Wal-Mart Stores, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=WMT

Our Actionable Research on Kohl's Corporation (NYSE: KSS) and Wal-Mart Stores, Inc. (NYSE: WMT) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com