NEW YORK (TheStreet) -- Shares of Kohl's Corp (KSS) were lower by 0.74% to $73.75 in midday trading Wednesday, one day ahead of the retailer's first quarter earnings report, scheduled to be released before the market opens Thursday.
"I know people want to leave retail because they're looking at the aggregate retail sales, but I think those may no longer be as good a tell anymore," said Cramer in a video.
"Kohl's is a turnaround and I think it's doing a very good job. Kohl's has run a lot. If it comes in, that's when you buy," he added.
For the first quarter, analysts are expecting the department store chain to earn 55 cents per share on revenue of $4.187 billion, according to analysts surveyed by Thomson Reuters.
In the same quarter of last year, Kohl's reported a profit of 60 cents per share on revenue of $4.07 billion.
Head of retail at ITG Investment Research John Tomlinson raised his revenue estimate for the first quarter, saying Kohl's accelerating volume growth is "encouraging."
The firm revised its mid-quarter sales and comparable store sales forecasts for the retailer. It now expects revenue of $4.27 billion at the midpoint.
ITG forecasts comparable store sales to grow between 3.5% to 5.5% year over year, higher compared to the consensus forecast of a 2.6% growth.
The firm wrote in a note, "Kohl's first quarter domestic comps and revenues appear to have finished solidly above Street expectations driven by improved transaction trends."