Kohl's (KSS) stock sinks 22% on poor results, guidance
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Kohl's Reports First Quarter Fiscal 2024 Financial Results
May 30, 2024 7:00 AM EDTMENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohls Corporation (NYSE: KSS) today reported results for the first quarter ended May 4, 2024.
Net sales decreased 5.3% and comparable sales decreased 4.4% Regular price sales increased 2.4% with clearance impacting overall comp by more than 600 basis points Gross margin increased 48 basis points Diluted loss per share of $0.24 Inventory declined 13% Updates full year 2024 financial outlook Committed to returning capital to shareholders through the dividend and further strengthening balance sheet through... More