Kohl's Q3 EPS $0.20 vs $0.53; CEO Kingsbury to step down; cuts FY outlook

KOHLS Corp

2024-Q3 EPS reported $0.55 revenue$10,824,000,000

Q3 net sales $3.5B, down 8.8% YoY; comparable sales down 9.3%.
Diluted EPS $0.20, down from $0.53; net income $22M vs $59M.
CEO Tom Kingsbury stepping down Jan 15, 2025; Ashley Buchanan appointed CEO.
FY2024 outlook lowered: net sales decline 7%-8%, EPS $1.20-$1.50.
Gross margin expanded 20 bps to 39.1%; inventory down 3%.

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