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Kohl's raises FY'18 guidance, posts 65% YOY increase in EPS in Q1

Kohl's Corp. said May 22 that it increased its fiscal 2018 guidance for adjusted diluted EPS, expecting it to be in the range between $5.05 to $5.50, up from its previous guidance of $4.95 to $5.45 per share.

In the first quarter ended May 5, the retailer posted adjusted diluted EPS of 64 cents, an increase of 65% over EPS of 39 cents in the year-ago period. The company also beat the mean consensus estimate for normalized EPS of 50 cents, according to S&P Capital IQ.

In the same quarter, Kohl's reported $107 million in adjusted net income, a 62% year-over-year jump from the $66 million it posted in the first quarter of the previous year.