earnings
confidence high
sentiment neutral
materiality 0.70
Kohl's Q3 EPS $0.53 vs $0.82 YoY; sales down 5.2%; FY23 EPS guidance narrowed
KOHLS Corp
2023-Q3 EPS reported
$1.18
revenue$11,520,000,000
- Q3 net sales $3.8B (-5.2% YoY); comparable sales -5.5%; inventory declined 13% to $4.2B.
- Diluted EPS $0.53 vs $0.82; net income $59M vs $97M in prior year.
- Gross margin 38.9% (+158 bps); operating income $157M vs $200M.
- FY23 EPS guidance raised low end to $2.30-$2.70 (from $2.10-$2.70); net sales guidance narrowed to (2.8%)-(4%) decline.
- Quarterly dividend $0.50/share declared, payable Dec 20 to holders of record Dec 6.