Kohl's (KSS) Tops Q1 EPS by 55c; Affirms Outlook

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Kohl's Reports First Quarter Fiscal 2023 Financial Results

May 24, 2023 7:00 AM EDT

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohls Corporation (NYSE: KSS) today reported results for the first quarter ended April 29, 2023.

Net sales decreased 3.3% and comparable sales decreased 4.3% Gross margin increased 67 basis points Diluted earnings per share of $0.13 Inventory declined 6% Affirms full year 2023 financial outlook Remains committed to strengthening balance sheet and to maintaining current dividend

Tom Kingsbury, Kohls chief executive officer, said Our first quarter results were in line with our... More