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Kohl s Corp  (KSS)
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    Sector  Retail    Industry Department & Discount Retail
 



  Kohl s Corp Outlook

On May 30 2024 the Kohl s Corp provided following guidance

Kohl?s Corporation has announced its financial results for the first quarter of fiscal year 2024, offering valuable insights into its performance and future projections. As of May 4, 2024, the company reported a series of noteworthy financial metrics.

### Key Financial Highlights

#### Sales Performance
- nnNet Salesnn: The company experienced a 5.3% decline in net sales.
- nnComparable Salesnn: Similar to net sales, comparable sales also saw a decrease of 4.4%.

#### Product Pricing
- nnRegular Price Salesnn: There was a positive movement in regular price sales, which increased by 2.4%. However, the overall comparable sales were heavily impacted by clearance activities, which affected performance by more than 600 basis points.

#### Profit Metrics
- nnGross Marginnn: Kohl?s reported an increase in gross margin by 48 basis points.
- nnDiluted Loss Per Sharenn: The financial figures showed a diluted loss per share at $0.24.

#### Inventory and Capital Management
- nnInventorynn: The company successfully reduced its inventory by 13%, reflecting efficient inventory management.
- nnCapital Returnsnn: Kohl's reiterated its commitment to return capital to shareholders through dividends, reaffirming its dedication to delivering shareholder value.

### Future Outlook

Updating its full-year financial outlook for 2024, Kohl's remains optimistic about its strategies and initiatives aimed at improving financial performance for the remainder of the year.

### Commitment to Shareholders

Kohl's continues to prioritize returning capital to shareholders, primarily through its dividend policy, signifying the company's strong commitment to sustaining shareholder confidence.

### Conclusion

In summary, while Kohl's Corporation faced challenges during the first quarter, including declines in overall sales, there were several positive indicators such as improved regular price sales and gross margins, alongside effective inventory reduction. The company remains focused on strategic initiatives to drive future growth and shareholder return.

Menomonee Falls, Wis. ? Kohl's Corporation (NYSE: KSS) remains steadfast in navigating through the complexities of the retail market while striving to enhance its financial health and shareholder value.

On November 21 2023 the Kohl s Corp provided following guidance

Kohl's Corporation (NYSE: KSS) released its financial results for the third quarter of fiscal 2023, ending on October 28, 2023. The company reported a decrease of 5.2% in net sales and a decline of 5.5% in comparable sales. The diluted earnings per share for the quarter stood at $0.53. Additionally, Kohl's also experienced a 13% decline in inventory. As a result, the company has updated its full-year 2023 diluted earnings per share guidance to a range of $2.30 to $2.70. Kohl's remains committed to strengthening its balance sheet and maintaining its current dividend. Tom Kingsbury, the CEO of Kohl's, expressed his confidence in the company's performance during the third quarter.





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