Kohl's (KSS) PT Lowered to $22 at Evercore ISI

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Go back to Kohl's (KSS) PT Lowered to $22 at Evercore ISI

Kohl's Reports First Quarter Fiscal 2024 Financial Results

May 30, 2024 7:00 AM EDT

MENOMONEE 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