KSS's Q4 results reflect y/y sales and earnings declines, and a weak operating income margin. Management expects sales to decline in fiscal 2025.
Kohl's Corporation shares have significantly underperformed, dropping 63% in the past year, with continued poor results and a 75% dividend cut. Despite an EPS beat, revenue fell 9.6%, and disappointing guidance led to a 15% share drop, highlighting ongoing struggles. Inventory issues and high fixed costs persist, with a need to shrink its footprint and ongoing impairments on real estate holdings.
Kohl's Corporation (NYSE:KSS ) Q4 2024 Earnings Conference Call March 11, 2025 9:00 AM ET Company Participants Trevor Novotny - Senior Manager, Investor Relations Ashley Buchanan - Chief Executive Officer Jill Timm - Chief Financial Officer Conference Call Participants Mark Altschwager - Baird Dana Telsey - Telsey Advisory Group Oliver Chen - TD Cowen Michael Binetti - Evercore Ashley Helgans - Jefferies Charles Grom - Gordon Haskett Matthew Boss - JPMorgan Brooke Roach - Goldman Sachs Operator Good morning, and welcome to the Kohl's Corporation Fourth Quarter 2024 Results Conference Call. All participants are in a listen-only mode.
Kohl's is forecasting a difficult 2025 as its new CEO embarks on a lengthy turnaround project. The department store chain released quarterly earnings Tuesday (March 11) that projected a 5% to 7% drop in revenue for the year, with comparable sales down 6.5% for the quarter.
Kohl's (KSS -19.75%), a well-known American department store chain, recently released its financial results for the fourth quarter of fiscal 2024 on March 11, 2025.
Kohl's Corporation (NYSE:KSS) shares plunged almost 19% after the retailer's 2025 outlook fell short of Wall Street expectations. For 2025, the company expects its net sales to decrease between 5% and 7%, worse than expectations of a 2% decline, and comparable sales to decrease between 4% and 6%, compared to expectations of a 1.8% drop.
Kohl's (KSS) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $1.67 per share a year ago.
Kohl's CEO Ashley Buchanan says that the company has “identified key areas of focus.”
Shares of Kohl's (KSS) are tumbling 15% in premarket trading Tuesday after the struggling retailer's forecasts for fiscal 2025 fell short of analysts' expectations.
Kohl's earnings and revenue topped estimates for the fourth quarter, but it issued disappointing guidance for 2025. Revenue came in at $5.18 billion for the fourth quarter and $15.39 billion for the full year.
Kohl's cut its dividend and guided for another sales decline in fiscal 2025 that's bigger than Wall Street had been expecting.
Kohl's Corp forecast a bigger drop in annual comparable sales than expected on Tuesday, piling on more pressure on new boss Ashley Buchanan as he engineers a turnaround at the U.S. department store chain struggling with uneven demand.