Kohl's (KSS) reported $3.38 billion in revenue for the quarter ended April 2024, representing a year-over-year decline of 5.3%. EPS of -$0.24 for the same period compares to $0.13 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $3.54 billion, representing a surprise of -4.47%. The company delivered an EPS surprise of -700.00%, with the consensus EPS estimate being $0.04. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Key Takeaways Kohl's shares fell sharply Thursday after it posted an unexpected net loss for the first quarter. The retailer also lowered its guidance for the full year, citing "ongoing uncertainty" among consumers. Shares plummeted 27% soon after the opening bell to their lowest point since October. Kohl's Corp. (KSS) shares tumbled Thursday after the retailer reported an unexpected net loss for the first quarter and lowered its guidance for the full year. Revenue fell 5% year-over-year to $3.38 billion, m ...

Core Viewpoint - Kohl's reported a quarterly loss of $0.24 per share, significantly missing the Zacks Consensus Estimate of $0.04, marking a 700% earnings surprise [1] - The company's revenues for the quarter were $3.38 billion, falling short of the Zacks Consensus Estimate by 4.47% and down from $3.57 billion year-over-year [2] Financial Performance - Over the last four quarters, Kohl's has surpassed consensus EPS estimates three times, but has not beaten revenue estimates during the same period [2] - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $3.92 billion, and for the current fiscal year, it is $2.24 on revenues of $17.13 billion [6] Market Position - Kohl's shares have declined approximately 5% since the beginning of the year, contrasting with the S&P 500's gain of 10.4% [3] - The Zacks Rank for Kohl's is currently 3 (Hold), indicating expected performance in line with the market in the near future [5] Industry Context - The Retail - Regional Department Stores industry, to which Kohl's belongs, is currently in the top 15% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [7]

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup New ...

Shoppers walk in front of a Kohl's store in Mount Kisco, New York. Kohl's shares plummeted more than 20% in premarket trading Thursday after the company posted a surprise loss per share, coming in well below Wall Street's expectations for a slight profit. Here's how Kohl's did in its fiscal first quarter compared with what Wall Street was expecting, according to a survey of analysts by LSEG: Loss per share: 24 cents vs. a profit of 4 cents expected Revenue: $3.18 billion vs. $3.34 billion expected Kohl's re ...

Sales Performance - Net sales decreased 5.3% year-over-year to $3.2 billion, with comparable sales down 4.4%[4][5] - Regular price sales increased 2.4%, but clearance sales impacted overall comparable sales by more than 600 basis points[3][4] Profitability and Margins - Gross margin increased by 48 basis points to 39.5% of net sales[4][5] - Operating income decreased to $43 million, down from $98 million in the prior year, representing 1.3% of total revenue[5] - Diluted loss per share was $0.24, compared to net income of $0.13 per diluted share in the prior year[4][5] Expenses and Costs - Selling, general & administrative (SG&A) expenses decreased 0.8% year-over-year to $1.2 billion, but increased as a percentage of total revenue to 36.3%[5] Inventory Management - Inventory declined 13% year-over-year to $3.1 billion[4][5] Financial Outlook and Strategy - The company updated its full-year 2024 financial outlook, expecting net sales to decrease between 2% and 4%, and comparable sales to decrease between 1% and 3%[5] - Capital expenditures for 2024 are expected to be approximately $500 million, including expansion of the Sephora partnership and other store-related investments[5] - The company plans to return capital to shareholders through dividends and strengthen its balance sheet by reducing long-term debt in 2024[4]

Kohl's Corporation (KSS) is likely to register top and bottom-line declines when it reports first-quarter fiscal 2024 earnings on May 30 before the opening bell. The Zacks Consensus Estimate for revenues is pegged at $3.54 billion, which suggests a drop of 0.9% from the prior-year quarter's reported figure. The consensus mark for quarterly earnings has decreased by 2 cents in the past 30 days to 4 cents per share. This indicates a slump of 69.2% from the year-ago quarter's reported figure. However, KSS has ...

Wall Street analysts expect Kohl's (KSS) to post quarterly earnings of $0.04 per share in its upcoming report, which indicates a year-over-year decline of 69.2%. Revenues are expected to be $3.54 billion, down 0.9% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 15.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnings re ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Kohl's (KSS) reports results for the quarter ended April 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 30. On the other ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Kohl's (KSS) , which belongs to the Zacks Retail - Regional Department Stores industry.When looking at the last two reports, this department store operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 45.28%, on average, in the last two quarters.For the most recent quarter, Kohl's was expected to post earn ...