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Why Jim Cramer Likes Salesforce and Kohl's and What's in Store for Papa John's

Video Credit: The Street - Duration: 08:42s - Published < > Embed
Why Jim Cramer Likes Salesforce and Kohl's and What's in Store for Papa John's

Why Jim Cramer Likes Salesforce and Kohl's and What's in Store for Papa John's

Kohl's Impressive Beat Real Money Stock of the Day Kohl's posted stronger-than-expected fourth quarter earnings Tuesday, and said it would buy back as much as $500 million in shares this year, as the department store chain notched solid same store sales over the holiday period.

Kohl's said earnings for the three months ending on February 2 came in at $2.24 each, up nearly 20% from the same period last year and 6 cents ahead of the Street consensus forecast.

Group sales, Kohl's said, fell 3.3% to $6.823 billion but were also ahead of analysts' estimates of $6.68 billion.

Same store sales, Kohl's said, rose 1% from last year, well ahead of the 0.3% estimate compiled by Refinitiv.

And He's Out... John Schnatter, founder and former chairman of Papa John's , is resigning from the board.

Under a settlement agreement, Schnatter will resign once he and the company identify a "mutually acceptable independent director." Schnatter owns about 30% of Papa John's shares.

Salesforce's Weaker Than Expected Guidance Salesforce posted stronger-than-expected fourth-quarter earnings and raised its revenue guidance for the current financial year, but the cloud company issued near-term earnings guidance that was modestly weaker than analysts' forecasts.

Looking into 2019, Salesforce said it was raising its revenue forecast to a range of $15.95 billion to $16.05 billion and said it expects first-quarter revenue in the range of $3.67 billion to $3.68 billion, just shy of the $3.7 billion forecast.

Non-GAAP earnings were forecast in the range of 60 cents to 61 cents a share, largely in-line with Wall Street estimates.

Related.

Jim Cramer: Think Salesforce CEO Benioff Is a Fraud?

You Will Be Wrong

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