secwatch.observer — SEC 8-K summary
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Issuer:     KOHLS Corp (KSS)
CIK:        0000885639
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001193125-22-287198
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kohl's Q3 EPS falls 50% to $0.82, comparable sales down 6.9%; withdraws FY2022 guidance amid CEO transition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885639/000119312522287198/0001193125-22-287198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885639/000119312522287198/d699793d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-287198

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