For Kohl's Corporation (KSS) shares retreated in pre-market trading, after slightly lower full-year guidance compared to analysts' expectations. The stock slid 3.3% at 8:23 a.m. in New York.
The company expects adjusted earnings for the fiscal year of $5.15 to $5.55 per share, compared to an estimated range of $4.98 to $5.85, according to Bloomberg data.
Since August of last year, shares of the 81-year-old Wisconsin-based department store have doubled from $37.34 at close a year ago, to a high of $78.85 at the market close on Monday.
The company reported $4.31 billion in sales in the second quarter, within estimated range.
"We are pleased to report that our sales momentum continued in the second quarter, resulting in a comparable sales increase of 3.1%, our fourth consecutive quarter of positive comparable sales," Kohl's chief executive officer Michelle Gass said in an upbeat press release this morning.
To be sure, analysts still see opportunities in the retailer.
For one, the company is not falling prey to Amazon.com, Inc. (AMZN) , but instead forging a valuable partnership, which has been noted by analysts as an important potential growth opportunity.
The initiative, which allows Amazon customers to return items at Kohl's, has the potential to help the brick and mortar business to bolster its foot traffic and lure traditional digital shoppers to purchases at their stores.
As reported, Wedbush analyst noted in a recent note that she considers this a "potential catalyst" for the business.
However, not satisfied with the singular partnership with e-commerce's biggest player, the company also appealed to German discount grocery giant Aldi to help it fill sprawling stores, utilizing the extra real estate the retailer did not require.
The company's earnings call is set to be broadcast at 9 a.m. ET this morning and analysts will certainly be looking for information about the ongoing initiatives and traffic numbers.
Kohl's is a part of Jim Cramer's Action Alerts Plus portfolio.