Kohl's reports Q4 net loss of $273M, comparable sales down 6.6%; FY23 EPS guidance $2.10-$2.70

KOHLS Corp

2022-FY EPS reported -$0.15 revenue$18,098,000,000

Q4 net sales $5.8B (-7.2% YoY), comparable sales -6.6%; gross margin 23.0% (down 1016 bps).
Q4 operating loss $302M vs income $450M prior year; net loss $273M ($2.49 diluted loss per share).
Full year net sales $17.2B (-7.1%), net loss $19M ($0.15 diluted loss per share).
FY23 guidance: net sales down 2-4%, operating margin ~4.0%, diluted EPS $2.10-$2.70.
Dividend $0.50/share declared, payable March 29; retired $164M bonds, plans to retire $111M more.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KOHLS Corp reported the full year 2023 results: revenue A decrease of (2%) to (4%), EPS In the range of $2.10 to $2.70. Guidance initiated.

Period: the full year 2023
Revenue: A decrease of (2%) to (4%)
EPS: In the range of $2.10 to $2.70
Guidance: initiated
Result: guidance update

Exact text from the filing

For the full year 2023, the Company currently expects the following: • Net sales: A decrease of (2%) to (4%), includes the impact of the 53rd week which is worth approximately 1% year-over-year. • Operating margin: Approximately 4.0%. • Diluted earnings per share: In the range of $2.10 to $2.70, excluding any non-recurring charges.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KOHLS Corp reported the quarter ended January 28, 2023 results: revenue $5.8 billion, net income $273 million, EPS ($2.49) per diluted share.

Period: the quarter ended January 28, 2023
Revenue: $5.8 billion
Net income: $273 million
EPS: ($2.49) per diluted share
Result: reported results

Exact text from the filing

2022 Results Comparisons refer to the 13-week period ended January 28, 2023 versus the 13-week period ended January 29, 2022 • Net sales decreased 7.2% year-over-year, to $5.8 billion, with comparable sales down 6.6%. • Gross margin as a percentage of net sales was 23.0%, a decrease of 1,016 basis points. Clearance markdowns impacted margin by approximately

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KOHLS Corp reported the fiscal year ended January 28, 2023 results: revenue $17.2 billion, net income $19 million, EPS ($0.15) per diluted share.

Period: the fiscal year ended January 28, 2023
Revenue: $17.2 billion
Net income: $19 million
EPS: ($0.15) per diluted share
Result: reported results

Exact text from the filing

Year 2022 Results Comparisons refer to the 52-week period ended January 28, 2023 versus the 52-week period ended January 29, 2022 • Net sales decreased 7.1% year-over-year, to $17.2 billion, with comparable sales down 6.6%. • Gross margin as a percentage of net sales was 33.2%, a decrease of 485 basis points. • SG&A expenses increased 2.0% year-over-year, to $5.6

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Source: SEC EDGAR

accession 0001193125-23-055103

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