Core Insights - Kohl's exceeded profit estimates for Q2 despite a decline in sales, attributed to cost-cutting measures [1] - The company raised its full-year earnings per share outlook while warning of a challenging consumer environment [1][3] - Kohl's shares have decreased nearly 33% in value this year, despite a slight increase on the day of the report [1][3] Financial Performance - Kohl's reported Q2 earnings per share (EPS) of $0.59, surpassing analyst expectations by $0.14 [2] - Revenue fell by 4.2% to $3.5 billion, with comparable store sales down 5.1%, both figures below expectations [2] - Selling, general, and administrative (SG&A) expenses decreased by 4.2% to $1.2 billion [2] Future Outlook - The company now anticipates a full-year revenue decline of 6%, revised from a previous forecast of a 4% decrease [3] - Kohl's raised its profit outlook for the year to a range of $1.75 to $2.25 per share, up from $1.25 to $1.85 [3] - Full-year comparable store sales are expected to decline by 5%, compared to an earlier estimate of a 3% decrease [3] Management Commentary - CEO Tom Kingsbury noted significant actions taken to reposition Kohl's for future growth, despite challenges in the consumer environment and core business [4] - He highlighted that shoppers are exhibiting more discretion in their spending, yet the company's commitment to its strategy remains strong [4]

Kohl's Corporation NYSE: KSS finds itself navigating choppy waters in the turbulent sea of the retail sector. The renowned omnichannel retailer, known for its value-driven offerings and loyal customer base, recently released its second-quarter fiscal year 2024 earnings report. Kohl's earnings report release provided a picture of resilience despite the challenging retail environment. Get Kohl's alerts: Kohl's Q2 2024 Performance: Weathering the Storm Kohl's Today Kohl's $20.83 +1.23 (+6.28%) 52-Week Range $1 ...

For the quarter ended July 2024, Kohl's (KSS) reported revenue of $3.73 billion, down 4.2% over the same period last year. EPS came in at $0.59, compared to $0.52 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.8 billion, representing a surprise of -1.85%. The company delivered an EPS surprise of +28.26%, with the consensus EPS estimate being $0.46. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Kohl's (KSS) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 28.26%. A quarter ago, it was expected that this department store operator would post earnings of $0.04 per share when it actually produced a loss of $0.24, delivering a surprise of -700%. Over the last four quarters, the co ...

| --- | --- | --- | --- | --- | --- | --- | |-------|----------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | KOHLS | | | | | | | | Q2 2024 Results Presentation August 28, 2024 | | | | | | | | | | | | | | | | | | | | | | Cautionary Statement Regarding Forward-Looking Information This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends forward-looki ...

Financial Performance - Net sales for Q2 2024 decreased by 4.2% year-over-year to $3.5 billion, with comparable sales down 5.1%[2] - Diluted earnings per share rose to $0.59 compared to $0.52 in the prior year[3] - Operating income for Q2 was $166 million, an increase from $163 million in the prior year, with an operating margin of 4.4%[3] - Net income for the six months ended August 3, 2024, was $39 million, down from $72 million in the same period last year[11] Expenses and Margins - Gross margin increased by 59 basis points to 39.6% of net sales[2] - SG&A expenses decreased by 4.2% year-over-year to $1.2 billion, representing 33.5% of total revenue[3] - Depreciation and amortization expenses were $376 million, slightly up from $374 million[11] Inventory and Cash Management - Inventory decreased by 9% year-over-year, totaling $3.2 billion[3] - Merchandise inventories decreased by $269 million, compared to a decrease of $283 million in the previous year[11] - Net cash provided by operating activities increased to $247 million from $228 million year-over-year[11] - Net cash used in investing activities decreased to $237 million from $335 million[11] - Cash and cash equivalents at the beginning of the period were $183 million, up from $153 million[11] - The company reported a net increase in cash and cash equivalents of $48 million, compared to $51 million last year[11] Debt and Capital Management - Long-term debt was reduced by $113 million through the redemption of remaining 9.50% notes due May 15, 2025[3] - Net borrowings under the revolving credit facility amounted to $318 million, compared to $475 million last year[11] Guidance and Future Outlook - The company updated its full-year 2024 guidance, expecting net sales to decrease by 4% to 6% and comparable sales to decrease by 3% to 5%[6] - Capital expenditures for 2024 are projected to be approximately $500 million, including investments in the Sephora partnership[6] Dividends - The Board of Directors declared a quarterly cash dividend of $0.50 per share, payable on September 25, 2024[6] - Dividends paid were $111 million, a slight increase from $110 million[11] Accounts Payable - Accounts payable increased significantly to $183 million from $46 million[11]

Earnings Expectations - Kohl's Corporation is expected to release its second-quarter earnings results before the market opens on Wednesday, with analysts projecting earnings of 45 cents per share, a decrease from 52 cents per share in the same period last year [1] - The projected revenue for Kohl's is $3.58 billion [1] Analyst Ratings and Price Target - Telsey Advisory Group analyst Dana Telsey has maintained a Market Perform rating for Kohl's, with a price target set at $23 [2] Dividend Information - Kohl's currently has a dividend yield of 10.07%, with a quarterly dividend of 50 cents per share, equating to an annual dividend of $2 [2] - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 3,000 shares, which would require an investment of about $59,610 [3] - For a more conservative monthly income goal of $100, an investor would need to hold 600 shares, amounting to an investment of approximately $11,922 [3] Dividend Yield Dynamics - The dividend yield can fluctuate based on changes in the stock price and dividend payments, calculated by dividing the annual dividend by the current stock price [4] - For instance, if the stock price rises to $60, the dividend yield would decrease to 3.33%, while a drop to $40 would increase the yield to 5% [5] - Changes in the dividend payment itself can also affect the yield; an increase in dividends raises the yield if the stock price remains constant, and a decrease lowers it [5] Stock Performance - Kohl's shares increased by 0.7%, closing at $19.87 on Monday [5]

The upcoming report from Kohl's (KSS) is expected to reveal quarterly earnings of $0.46 per share, indicating a decline of 11.5% compared to the year-ago period. Analysts forecast revenues of $3.8 billion, representing a decrease of 2.4% year over year. Over the last 30 days, there has been an upward revision of 24.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this ...

Kohl's Corporation (KSS) is likely to register top- and bottom-line declines when it reports second-quarter fiscal 2024 earnings on Aug 28 before the opening bell. The Zacks Consensus Estimate for revenues is pegged at $3.81 billion, suggesting a drop of 2.2% from the prior-year quarter's reported figure. The consensus mark for quarterly earnings has moved down 10.9% in the past 30 days to 49 cents per share. This indicates a slump of 5.8% from the year-ago quarter's reported figure. KSS has a trailing four ...

Kohls Corp (NYSE:KSS) and Redfin Corp (NASDAQ:RDFN) are both seeing unusual options activity today. With both stocks moving in different directions at last glance, let's dive deeper into what's driving this price activity and drawing options traders to the table. KSS is down 0.6% to trade at $19.82 at last glance, after J.P. Morgan Securities lowered its price target to $19 from $20. The retail stock now sports a 30.4% year-to-date deficit, and has struggled with a ceiling at the $20.50 level for most of Au ...