Profits Surge, Sales Weak

For the fourth quarter 2020 Kohl S Corp earnings were up by 24.8 % of $2.15 per share compare to $1.72 a year ago and EPS turn positive from $-0.08 per share from the previous quarter.

Sales declined in double digits by -10.11 % to $6.14 billions from $6.83 billions in the same quarter a year ago and sequentially Sales surged by 54.34 % from $3.98 billions.



Net income of $343.000 millions in the fourth quarter 2020 increased by 29.43 % from net earnings of $265.000 millions reported in the fourth quarter 2020 a year ago. Although operating margin fell to 5.15%, in the fourth quarter 2020, the company's net margin actually improved to 5.59%. Kohl S Corp provided annual earnings per share guidance between $4.40 and $ 4.60, while on the sales side company expects to achieve revenues between $19,365 millions and $19,556 millions.

Continuing with Kohl S Corp's fourth quarter 2020 report, company pointed out increase in: Stores operating by Company 1,164.00 up 0.34 %, Avg. Sales per Store (thousands $) 3,665.81 up 0.24 %.
While following 2 indicators decreased catastrofaly: Avg. Income per Store -43.09 %. Worst was: Avg. Income per Store.
Kohl S Corp reported net loss of $-163 millions and Sales of $15.96 billions for the fiscal year 2020.

Department & Discount Retail company said its eps were at $-1.06 compare to $4.37 in the previous fiscal year, while Sales fell by -20.12 % from $19.97 billions a year ago.

Kohl S Corp is expected to report next financial results on May 13, 2021.