Kohl's reported its Q4 earnings with an adjusted EPS of $1.67, surpassing the estimated $1.29, but fell slightly short on net sales with $5.71 billion against the expected $5.73 billion. The company's comparable store sales declined by 4.3%. Despite a smaller-than-expected drop in holiday-quarter sales, attributed to holiday discounts and strong beauty sales, Kohl's issued mixed financial guidance for the fiscal year, projecting an operating margin between 3.6% to 4.1% (est 4.25%) and an adjusted EPS of $2.10 to $2.70 (est $2.67), both below analyst expectations. The retailer's performance reflects broader challenges within the department store sector, with even its 'best' comparable store sales in 14 years being negative. Amidst a general consumer boom in the US, Kohl's has seen a significant decline, with its projected earnings midpoint for the current year being over 50% lower than in 2019. The stock was up 1.5% pre-market but later was down 1.5% pre-market.
If Macys & Best Buy were bad, Kohls takes prize for worst performer. Amid US consumer boom, with retail sales +37% since 2019, $KSS shrank 17%. In 2019 (not a good year), annual earnings were $4.86. Midpoint of today's guide is 50%+ lower. $M $JWN $BBY https://t.co/tjdGJaacf5
Says volumes about prospects of Kohls & department stores in general that $KSS 'best' comparable store sales in 14 years are still negative. And would be much worse without tinsel from Sephora. Share donors to everyone, even Gap. 🙄 $M $DDS $JWN $LVMUY $XRT https://t.co/bd4VjtJtZT
$KSS (-1.5% pre) Kohl’s (KSS) posts strong earnings, gross margin beat in Q4, issues weak guidance https://t.co/pIoCqPhFXb
$CASY (-0.6% pre) Casey's General Stores Inc Reports Mixed Q3 Results Amidst Expansion and Margin Improvements https://t.co/M80teSiSUq
$KSS Kohl's beats on eps, misses on rev. Comps -4.3%. Mixed FY guidance. Up 1.5% premkt. https://t.co/d1oTJcGKpi
$KSS | Kohl’s Q4 Earnings : - Adj EPS $1.67 (est $1.29) - Net Sales $5.71B (est $5.73B) - Sees FY Oper Margin 3.6% To 4.1% (est 4.25%) - Sees FY Adj EPS $2.10 To $2.70 (est $2.67)
⚠️ KOHL'S POSTS SMALLER DROP IN HOLIDAY-QUARTER SALES THAN EXPECTED Full Story → https://t.co/oDTuI5XE5H Kohl's on Tuesday posted a smaller-than-expected drop in quarterly sales, helped by holiday discounts for its apparel and footwear as well as strong beauty sales at its… https://t.co/6nAbV4MTmv
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