earnings
confidence high
sentiment negative
materiality 0.75
Kohl's Q2 net sales down 4.2% to $3.5B; EPS up to $0.59; FY2024 guidance lowered
KOHLS Corp
2024-Q2 EPS reported
$0.35
revenue$7,114,000,000
- Comparable sales declined 5.1%; inventory down 9% year-over-year.
- Gross margin improved 59 bps to 39.6%; SG&A expenses decreased 4.2%.
- Net income $66M (diluted EPS $0.59) vs $58M ($0.52) prior year.
- FY2024 guidance: net sales down 4-6%, comps down 3-5%, diluted EPS $1.75-$2.25.
- Quarterly dividend of $0.50/share declared, payable Sept 25, 2024.