Skip to main content

Jim Cramer Likes the Partnership Between Kohls and Amazon: Here's Why

Why is the Kohls partnership with Amazon such a good thing for the retailer? Jim Cramer explains.
  • Author:
  • Publish date:

There are two things that Jim Cramer likes about Kohl's.

The first is Kohl's cash, which he said on TheStreet's daily live show. The second? The partnership between Kohl's (KSS) - Get Kohl's Corporation Report and Amazon (AMZN) - Get Amazon.com, Inc. Report

Cramer said that he finds himself in a Kohl's a lot more thanks to the fact that he makes Amazon returns.

TheStreet Recommends

Kohl's reported earnings Tuesday morning. 

The company, which is also Real Money Stock of the Day, 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.

Related. Kohl's Could Rally From Here but Needs to Prove Its Strength

Watch Jim Cramer's Daily NYSE Show and Replays Below