8-K
filed November 17, 2022, 6:59 PM ET
ticker KSS
CIK 0000885639
earnings
confidence high
sentiment negative
materiality 0.85
Kohl's Q3 EPS falls 50% to $0.82, comparable sales down 6.9%; withdraws FY2022 guidance amid CEO transition
KOHLS Corp
2022-Q3 EPS reported
$2.02
revenue$12,079,000,000
- Q3 net income $97M ($0.82 EPS) vs $243M ($1.65) a year ago; net sales down 7.2% to $4.28B.
- Comparable sales declined 6.9%; gross margin contracted 263 bps to 37.3%.
- Company withdraws full-year 2022 guidance; cites volatility, macro headwinds, and unexpected CEO transition.
- Board formed search committee for new CEO; Tom Kingsbury appointed Interim CEO.
- Completed $500M ASR, repurchased 17.9M shares; quarterly dividend $0.50 per share declared.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
KOHLS Corp reported the quarter ended October 29, 2022 results: revenue $4,277, net income $97, EPS $0.82.
- Period
- the quarter ended October 29, 2022
- Revenue
- $4,277
- Net income
- $97
- EPS
- $0.82
- Result
- reported results
Exact text from the filing
Total revenue $ 4,277 $ 4,600 (7.0 %) $ 12,079 $ 12,934 (6.6 %) Net sales (1) (7.2 %) 15.5 % (7.1 %) 33.9 % Gross margin 37.3 % 39.9 % (263 ) bps 38.4 % 40.6 % (215 ) bps Selling, general, and administrative expenses $ 1,334 $ 1,380 (3.3 %) $ 3,910 $ 3,791 3.1 % Reported Net income $ 97 $ 243 (60 %) $ 254 $ 639 (60 %) Diluted earnings per share $ 0.82 $ 1.65 (50 %) $ 2.02 $ 4.19 (52 %)
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
KOHLS Corp reported the nine months ended October 29, 2022 results: revenue $12,079, net income $254, EPS $2.02.
- Period
- the nine months ended October 29, 2022
- Revenue
- $12,079
- Net income
- $254
- EPS
- $2.02
- Result
- reported results
Exact text from the filing
Total revenue $ 4,277 $ 4,600 (7.0 %) $ 12,079 $ 12,934 (6.6 %) Net sales (1) (7.2 %) 15.5 % (7.1 %) 33.9 % Gross margin 37.3 % 39.9 % (263 ) bps 38.4 % 40.6 % (215 ) bps Selling, general, and administrative expenses $ 1,334 $ 1,380 (3.3 %) $ 3,910 $ 3,791 3.1 % Reported Net income $ 97 $ 243 (60 %) $ 254 $ 639 (60 %) Diluted earnings per share $ 0.82 $ 1.65 (50 %) $ 2.02 $ 4.19 (52 %)
View on SEC.gov
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