secwatch.observer — SEC 8-K summary
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Issuer:     KOHLS Corp (KSS)
CIK:        0000885639
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001193125-24-149776
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 reports Q1 net loss of $27M; comparable sales down 4.4%; lowers FY2024 guidance
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- Net sales $3.2B, down 5.3% YoY; comparable sales -4.4%; diluted EPS -$0.24 vs +$0.13 last year.
- Gross margin improved 48 bps to 39.5%; inventory down 13% YoY to $3.1B.
- FY2024 guidance: net sales -2% to -4%; operating margin 3.0-3.5%; EPS $1.25-$1.85.
- Declared $0.50 dividend payable June 26; redeemed $113M of 9.5% notes due 2025.
- CEO acknowledges Q1 underperformance; expects strategic initiatives to contribute later.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885639/000119312524149776/0001193125-24-149776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885639/000119312524149776/d806507d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-149776

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