Kohl's beats earnings estimates, raises EPS guidance; shares rise

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Go back to Kohl's beats earnings estimates, raises EPS guidance; shares rise

Kohl's Reports Second Quarter Fiscal 2024 Financial Results

August 28, 2024 7:00 AM EDT

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohls Corporation (NYSE: KSS) today reported results for the second quarter ended August 3, 2024.

Net sales decreased 4.2% and comparable sales decreased 5.1% Gross margin increased 59 basis points Diluted earnings per share of $0.59 versus $0.52 in the prior year Inventory declined 9% Updates full year 2024 financial outlook Committed to returning capital to shareholders through the dividend and further strengthening balance sheet

Tom Kingsbury, Kohls chief executive officer,... More