KSS' Q2 results show higher earnings on improved gross margin and better inventory and expense management. Yet, sales drop amid a tough consumer environment.
While the top- and bottom-line numbers for Kohl's (KSS) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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.
Kohl's Corporation KSS is expected to release earnings results for its second quarter, before the opening bell on Wednesday.
Besides Wall Street's top -and-bottom-line estimates for Kohl's (KSS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended July 2024.
Kohl's (KSS) second-quarter performance is likely to reflect ongoing volatility in the consumer demand landscape, potentially threatening its revenue stream.
Kohl's (KSS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Kohls Corp (NYSE:KSS) and Redfin Corp (NASDAQ:RDFN) are both seeing unusual options activity today.
Starting this week, Kohl's is opening 200 Babies R Us shops across the country. The retailer wants to cater more to young families by giving them another reason to visit stores.
Kohl's shares experienced volatility in 2024, with a drop due to disappointing earnings guidance, but have since stabilized around $23 per share. Despite a decline in sales and operating income, Kohl's has improved its balance sheet. While Kohl's faces challenges in a tough retail environment, its high yielding dividend remains sustainable and the company is committed to reducing debt.
Kohl's stock (NYSE: KSS), a department store that features apparel, footwear, accessories, soft home products, and housewares targeted to middle-income customers, currently trades at $22 per share, around 65% below its level of $64 seen on May 17, 2021 (pre-inflation shock high), and has the potential for sizable gains.
Wisconsin-based department store giant Kohl's will not sponsor any events related to the Republican National Convention in Milwaukee this July. Kohl's is one of the few big companies in Wisconsin that's opted out of the convention in Milwaukee.