Kohl's (KSS) falls after reporting a seventh-straight drop in comparable sales
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Kohl's Reports Third Quarter Fiscal 2023 Financial Results
November 21, 2023 7:00 AM ESTMENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohls Corporation (NYSE: KSS) today reported results for the third quarter ended October 28, 2023.
Net sales decreased 5.2% and comparable sales decreased 5.5% Diluted earnings per share of $0.53 Inventory declined 13% Updates full year 2023 diluted earnings per share guidance to $2.30 to $2.70 Remains committed to strengthening balance sheet and to maintaining current dividendTom Kingsbury, Kohls chief executive officer, said Kohls third quarter earnings reflect strong gross margin and expense management as... More
