Kohl's Q2 EPS $0.52 vs $1.11 YoY; net sales down 4.8%; reaffirms FY23 guidance

KOHLS Corp

2023-Q2 EPS reported $0.65 revenue$7,466,000,000

Net sales $3.7B, down 4.8%; comparable sales down 5.0%.
Gross margin 39.0%, down 61 bps; SG&A expense ratio up 208 bps to 33.5%.
Inventory decreased 14% to $3.5B; operating cash flow $430M for Q2.
Full-year 2023 guidance reaffirmed: net sales decline (2%) to (4%); diluted EPS $2.10-$2.70.
Dividend of $0.50 per share declared, payable Sept 20, 2023.

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 0.99

KOHLS Corp reported second quarter ended July 29, 2023 results: revenue $3.7 billion, net income $58 million, EPS $0.52 per diluted share. Guidance reaffirmed.

Period: second quarter ended July 29, 2023
Revenue: $3.7 billion
Net income: $58 million
EPS: $0.52 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net sales decreased 4.8% year-over-year, to $3.7 billion, with comparable sales down 5.0%.

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Source: SEC EDGAR

accession 0001193125-23-218455

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