Kohl's Corporation news and archive

Kohl’s Q1 sales down 5.3 percent, net loss widens

First quarter net sales at Kohl’s decreased 5.3 percent to 3.2 billion dollars and comparable sales decreased 4.4 percent. The company said that regular price sales increased 2.4 percent with clearance impacting overall comp by more than 600 basis points. Commenting on the first quarter update, Tom Kingsbury, Kohl’s chief executive officer, said...

Business

Kohl’s Q4 and full year sales and earnings decline

Kohl’s Corporation said net sales decreased 7.2 percent to 5.8 billion dollars, with comparable sales down 6.6 percent. For the full year, net sales decreased 7.1 percent to 17.2 billion dollars, with comparable sales down 6.6 percent. Fourth quarter net loss was $273 million, or ($2.49) per diluted share. This compares to net income of $299...

Business

Kohl’s Q3 sales decrease, withdraws full year outlook

Third quarter comparable sales at Kohl’s Corporation decreased 6.9 percent and net sales decreased 7.2 percent to 4,277 million dollars. Third quarter diluted earnings per share were 82 cents and adjusted diluted earnings per share were also 82 cents compared to 1.65 dollars per share last year. The company said in a release that Kohl’s board...

Business

Kohl’s Q2 comparable sales decline by 7.7 percent

Kohl’s Corporation’s second quarter comparable sales decreased 7.7 percent and net sales decreased 8.5 percent to 4,087 million dollars. The company reported second quarter net income of 143 million dollars and diluted earnings per share of 1.11 dollars compared to last year’s 382 million dollars and 2.48 dollars, respectively. “Second quarter...

Business

Kohl’s promotes Christie Raymond to chief marketing officer

Kohl's has appointed Christie Raymond as the company’s chief marketing officer, reporting directly to CEO Michelle Gass. Raymond, the company said, joined Kohl's in 2017 as senior vice president, media and personalization, and was promoted to executive vice president, customer engagement, analytics & insights in June 2020. She has been acting as...

Business

Kohl’s Q1 sales drop by 5.2 percent

First quarter net sales and comparable sales at Kohl’s Corporation decreased 5.2 percent to 3,715 million dollars. First quarter diluted earnings per share were 11 cents compared to 9 cents in the same quarter of the previous year and adjusted diluted earnings per share were 11 cents compared to 1.05 dollars in the first quarter of 2021. “The...

Business

Kohl’s sets financial targets to drive sales and EPS growth

Kohl’s Corporation has introduced new long-term financial targets of low-single digits percent sales growth, 7 to 8 percent operating margin and mid-to-high single digits percent EPS growth. As a part of its growth strategy presented by the company at the investor day on March 7, 2022, Kohl’s plans to grow Sephora to a 2 billion dollars business...

Business

Kohl's revenues and earnings increase, outlook positive

Kohl’s Corporation reported fourth quarter diluted earnings per share of 2.20 dollars, which the company said exceeded expectations. For the full year 2021 adjusted diluted earnings per share reached 7.33 dollars. Total fourth quarter revenue of 6,499 million dollars increased by 5.8 percent and full year revenue of 19,433 million dollars, rose...

Business

Kohl’s Q3 net sales increase 15.5 percent

Kohl’s third quarter net sales increased 15.5 percent to 4600 million dollars; while third quarter comparable sales increased 14.7 percent. The company reported diluted earnings per share of 1.65 dollars and raised full year 2021 guidance to 7.10 dollars to 7.30 dollars. “We delivered another quarter of record earnings with both sales and...

Business

Kohl’s updates earnings outlook for FY22

Kohl’s Corporation said second quarter net sales increased 31.4 percent to 4,447 million dollars. The company reported second quarter diluted earnings per share of 2.48 dollars and raised full year 2021 guidance to 5.80 dollars to 6.10 dollars. “We delivered record second quarter earnings with sales and margins materially exceeding expectations....

Kohl's Q2 revenues drop 23 percent

For the second quarter, total revenues at Kohl’s Corporation declined by 23.1 percent to 3,407 million dollars. The company said in a statement that gross margin for the quarter was 33.1 percent, while net income dropped 80 percent to 47 million dollars compared to 241 million dollars and diluted earnings per share also declined 80 percent to 30...

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Kohl's elects Michael Bender to its board of directors

Increasing the size of its board, Kohl’s Corporation has elected Michael Bender to fill the new board seat effective immediately. The company said, Bender has been elected to a term expiring at Kohl’s 2020 annual shareholders meeting and will be eligible for re-election by Kohl’s shareholders at that time. He will initially serve on the board’s...