=Kohl's (KSS) reported earnings Thur 11 Aug 2016 (b/o)

Kohl's beats by $0.19, reports revs in-line; lowers FY17 EPS in-line; Q2 comps -1.8%  :

• Reports Q2 (Jul) adj earnings of $1.22 per share, $0.19 better than the Capital IQ Consensus of $1.03; revenues fell 2.0% year/year to $4.18 bln vs the $4.17 bln Capital IQ Consensus. Co reported Q2 comps of -1.8% versus +0.1% last year.  Gross margin of 39.5% versus 38.9% last year.
• Co issues lowered guidance for FY17, sees EPS of 3.80-4.00 from $4.05-4.25 vs. $3.84 Capital IQ Consensus Estimate.