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Stock impact report

Kohl's Reports Third Quarter Fiscal 2024 Financial Results

Kohl's Corporation (KSS) 
Last kohl's corporation earnings: 3/3 07:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.kohls.com/investors
Company Research Source: Business Wire
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Kohl’s Corporation (NYSE:KSS) today reported results for the third quarter ended November 2, 2024.Net sales decreased 8.8% and comparable sales decreased 9.3%Diluted earnings per share of $0.20Updates full year 2024 financial outlookKohl’s Board announces CEO transition processTom Kingsbury, Kohl’s chief executive officer, said “Our third quarter results did not meet our expectations as sales remained soft in our apparel and footwear businesses. Although we had a strong collective performance across our key growth areas, including Sephora, home decor, gifting, and impulse, and also benefited from the opening of Babies “R” Us shops in 200 of our stores, these were unable to offset the declines in our core business. Importantly, we delivered gross margin expansion and managed expenses tightly in the quarter.”“We are not satisfied with our performance in 2024 and are taking aggressive action to reverse the sales declines. We must execute at a h Show less Read more
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