Kohl's (KSS) Tops Q2 EPS by 28c; maintains dividend

Kohl's (NYSE: KSS) reported Q2 EPS of $0.52, $0.28 better than the analyst estimate of $0.24. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $3.74 billion.

GUIDANCE:

For the full year 2023, the Company reaffirms its financial outlook and currently expects the following:

• Net sales: A decrease of (2%) to (4%), includes the impact of the 53rd week which is worth approximately 1% year-over-year.
• Operating margin: Approximately 4.0%.
• Diluted earnings per share: In the range of $2.10 to $2.70, excluding any non-recurring charges.
• Capital Expenditures: $600 million to $650 million, including expansion of its Sephora partnership and store refresh activity.
• Dividend: On August 8, 2023, Kohl’s Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.50 per share. The dividend is payable September 20, 2023 to shareholders of record at the close of business on September 6, 2023.

For earnings history and earnings-related data on Kohl's (KSS) click here.

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