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Kohl’s(KSS) - 2025 Q4 - Annual Results
KSSKohl’s(KSS)2025-03-11 11:00

Financial Performance - Fourth quarter net sales decreased 9.4% year-over-year to 5.2billion,whilefiscalyear2024netsalesdecreased7.25.2 billion, while fiscal year 2024 net sales decreased 7.2% to 15.4 billion[4] - Comparable sales decreased 6.7% for the fourth quarter and 6.5% for the fiscal year 2024[5] - Fourth quarter diluted earnings per share (EPS) was 0.43,withadjusteddilutedEPSof0.43, with adjusted diluted EPS of 0.95; fiscal year 2024 diluted EPS was 0.98,withadjusteddilutedEPSof0.98, with adjusted diluted EPS of 1.50[4] - Operating income for the fourth quarter was 126million,adecreasefrom126 million, a decrease from 299 million in the prior year, representing 2.3% of total revenue[5] - Net income for the fourth quarter was 48million,comparedto48 million, compared to 186 million in the prior year, while fiscal year net income was 109million,downfrom109 million, down from 317 million[5] Inventory and Cash Flow - Inventory increased by 2% year-over-year to 2.9billion[5]−Netcashprovidedbyoperatingactivitiesdecreasedto2.9 billion[5] - Net cash provided by operating activities decreased to 648 million from 1,168million,reflectingadeclineof44.61,168 million, reflecting a decline of 44.6% year-over-year[17] - Merchandise inventories saw a significant change, decreasing by 60 million compared to an increase of 315millioninthepreviousyear[17]−Netcashusedininvestingactivitieswas315 million in the previous year[17] - Net cash used in investing activities was 467 million, down from 562million,indicatingareductionof16.9562 million, indicating a reduction of 16.9%[17] - Net cash used in financing activities decreased to 230 million from 576million,adeclineof60576 million, a decline of 60%[17] - Cash and cash equivalents at the end of the period were 134 million, down from 183millionatthebeginningoftheperiod[17]FutureProjections−Thecompanyexpectsnetsalestodecreasebetween5183 million at the beginning of the period[17] Future Projections - The company expects net sales to decrease between 5% to 7% and comparable sales to decrease between 4% to 6% for fiscal year 2025[10] - Capital expenditures are projected to be in the range of 400 million to 425millionforfiscalyear2025[10]DividendsandShareholderReturns−Kohl′sBoardofDirectorsdeclaredaquarterlycashdividendof425 million for fiscal year 2025[10] Dividends and Shareholder Returns - Kohl's Board of Directors declared a quarterly cash dividend of 0.125 per share, payable on April 2, 2025[10] - Dividends paid increased slightly to 222millionfrom222 million from 220 million, reflecting a marginal increase of 0.9%[17] Expenses and Borrowing - Depreciation and amortization expenses were 743million,slightlydownfrom743 million, slightly down from 749 million in the previous year[17] - Share-based compensation decreased to 30millionfrom30 million from 42 million, a reduction of 28.6%[17] - The company reported a net borrowing of 198millionundertherevolvingcreditfacility,comparedtoonly198 million under the revolving credit facility, compared to only 7 million in the previous year[17]