Kohl’s (KSS) posts strong earnings, gross margin beat in Q4, issues weak guidance
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Kohl's Reports Fourth Quarter and Full Year Fiscal 2023 Financial Results
March 12, 2024 7:00 AM EDTMENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohls Corporation (NYSE: KSS) today reported results for the quarter and year ended February 3, 2024.
Fourth quarter net sales decreased 1.1% and comparable sales decreased 4.3%; fiscal year 2023 net sales decreased 3.4% and comparable sales decreased 4.7% Fourth quarter diluted earnings per share (EPS) of $1.67 and fiscal year 2023 diluted EPS of $2.85 Operating cash flow of $789 million in fourth quarter and $1.2 billion for fiscal year 2023 Committed to further strengthening balance sheet and returning capital to shareholders through the dividend Introduces fiscal year... More