UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.01 par value KSS New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from ________ to _________ Commissi ...

Kohl's Corporation (KSS) stock has shown significant volatility, with shares fluctuating between highs and lows over the past year. Overall, the stock has trended downward, reaching a new 52-week low of $14.22 on Nov. 26, showing a stark decline compared with its 52-week high of $29.60.While the current price of $15.43 marks an 8.5% rebound, it still reflects a nearly 48% discount from the high, highlighting a challenging year for the retailer.KSS Stock Navigates Turbulent WatersKSS stock’s volatility over ...

Like the sign in the picture above, Kohl's Corp.'s (NYSE: KSS ) current 13.2% yield carries with it high risk. So, for those familiar with the company and are thinking, I can collect aContributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran w ...

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Core Insights - Kohl's reported a significant decline in comparable sales, dropping 9.3% in the third quarter, which CEO Tom Kingsbury described as "frankly disappointing" despite efforts to enhance products and in-store experiences [2][5] - The company experienced a net income decrease to $22 million for the third quarter, down from $59 million in the same period last year [4] - Full-year comparable sales are now expected to be 6% to 7% lower compared to 2023, leading to a 17% drop in shares on a recent trading day, with a total decline of 45% for the year, valuing the company at less than $1.6 billion [5] Sales Performance - Sales in apparel and footwear remained weak, although categories like Sephora, home decor, gifting, and impulse items showed strong performance [3][8] - The partnership with Sephora, which has about 1,050 concessions in Kohl's locations, resulted in a 15% increase in total beauty sales for the quarter, but also led to missed opportunities in other categories like fine jewelry [6][8] Strategic Challenges - The decision to focus on Sephora led to a 20% drop in inventory for private brands, which negatively impacted Kohl's ability to serve customers [6] - The fine jewelry business was largely displaced by the introduction of Sephora Shops, creating a persistent headwind for sales performance [7][9]

Core Insights - Kohl's is focusing on enhancing value by increasing its inventory of private brands and providing more targeted offers to address declining sales [1][6] - The company reported an 8% year-over-year decrease in net sales and a 9.3% decline in comparable sales during the third quarter [1][2] Sales Performance - The decline in sales is attributed to weak performance in core categories such as apparel and footwear [2][3] - The exit from the fine jewelry business has allowed Kohl's to allocate more space to beauty products, which has seen growth, particularly with Sephora at Kohl's, which experienced a 15% increase in sales [4] Strategic Initiatives - Kohl's plans to increase inventory in private apparel brands, reintroduce fine jewelry, and enhance targeted marketing efforts to engage customers [6] - The company has seen a 40% year-over-year growth in impulse sales due to the addition of queuing lines in 200 stores [5] Leadership Changes - CEO Tom Kingsbury will step down on January 15, with Ashley Buchanan from Michaels Companies set to succeed him [7][8] - Kingsbury will remain in an advisory role until his retirement in May [8]

Shares of Kohl's Corporation (NYSE: KSS ) have been a poor performer this year, losing 37% of their value, as the department store has struggled mightily to turn around operations. That pain intensified Tuesday as shares plunged 20% amid dourOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me ...

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Financial Data and Key Metrics Changes - Net sales decreased by 8.8% in Q3 and are down 6.1% year-to-date [48] - Comparable sales declined by 9.3% in Q3 and 6.4% year-to-date [48] - Gross margin for Q3 was 39.1%, up 20 basis points year-over-year, driven by inventory management and lower freight expenses [50] - SG&A expenses declined by 5.1% to $1.3 billion in Q3 [51] - Net income for Q3 was $22 million, with earnings per diluted share at $0.20 [52] Business Line Data and Key Metrics Changes - Comparable sales in apparel and footwear businesses declined significantly, while Sephora, home decor, gifting, and impulse categories showed strong performance [12][13] - Private brand inventory decreased by more than 20% compared to the prior year, impacting sales in key value items [22] - Sales from home decor increased by more than 50% year-over-year, and impulse sales grew by over 40% [36][37] Market Data and Key Metrics Changes - Transactions declined approximately 3% in Q3, with softness noted particularly during the back-to-school season [17] - Digital sales outperformed store sales but were still down compared to last year [49] - The company added nearly 4 million new Kohl's Rewards members in 2024, which is expected to drive customer engagement [19] Company Strategy and Development Direction - The company is focused on balancing inventory levels between private brands and market brands to improve sales performance [24] - Plans to reintroduce fine jewelry in 200 stores and expand petites offerings to regain customer loyalty [28][29] - The strategy includes leveraging targeted marketing and social media to drive traffic and customer acquisition [18][66] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that Q3 results were disappointing and attributed sales weakness to traffic decline and inventory management issues [12][16] - The company expects a highly competitive holiday season and has adjusted its fiscal year 2024 guidance to reflect ongoing sales pressure [15][58] - November sales showed marked improvement compared to Q3, indicating a positive trend heading into the holiday season [43] Other Important Information - Tom Kingsbury will step down as CEO effective January 15, 2025, with Ashley Buchanan appointed as his successor [7][9] - The company managed expenses down by 5% in Q3 and remains focused on expense management [44] - Capital expenditures for 2024 are planned at approximately $500 million, including investments in new store openings and expansions [54] Q&A Session Summary Question: What actions will drive traffic in Q4 and 2025? - Management highlighted showcasing great values, targeted offers, and increased social and digital marketing as key actions to drive traffic [64][66] Question: Update on credit card trends? - Credit performance is in line with expectations, with payment rates dropping as anticipated, and benefits from co-brands expected in Q4 and 2025 [67][68] Question: Why is now the right time for leadership transition? - The new CEO is aligned with the current strategy, and the transition is planned to minimize disruption [71][72] Question: How to recapture lost customers? - The focus will be on marketing investments, targeted offers, and reintroducing private brands and jewelry counters to attract previous customers [103][106] Question: What is the strategy to offset potential deceleration in Sephora sales? - The company plans to enhance cross-selling opportunities and focus on gifting during the holiday season [110][111]

Shares of Kohl’s Corporation KSS are trading much lower on Tuesday. There is a good chance a new downtrend is forming.This is why our team of technical analysts has made it our Stock of the Day.There is a lot of bearish news coming from the company. It missed earnings. It also announced that CEO Tom Kingsbury will step down in January.Read Also: Cathie Wood-Led Ark Invest’s Latest Portfolio Maneuver: Dumps Tesla And Palantir Shares, Buys Amazon And AMD StockKohl's reported Q3 earnings of 20 cents per share. ...