Kohl's Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended February 03, 2024
March 12, 2024 at 07:00 am EDT
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Kohl's Corporation reported earnings results for the fourth quarter and full year ended February 03, 2024. For the fourth quarter, the company reported sales was USD 5,710 million compared to USD 5,775 million a year ago. Revenue was USD 5,956 million compared to USD 6,019 million a year ago. Net income was USD 186 million compared to net loss of USD 273 million a year ago. Basic earnings per share from continuing operations was USD 1.69 compared to basic loss per share from continuing operations of USD 2.49 a year ago. Diluted earnings per share from continuing operations was USD 1.67 compared to diluted loss per share from continuing operations of USD 2.49 a year ago.
For the full year, the company reported sales was USD 16,586 million compared to USD 17,161 million a year ago. Revenue was USD 17,476 million compared to USD 18,098 million a year ago. Net income was USD 317 million compared to net loss of USD 19 million a year ago. Basic earnings per share from continuing operations was USD 2.88 compared to basic loss per share from continuing operations of USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 2.85 compared to diluted loss per share from continuing operations of USD 0.15 a year ago.
Kohl's Corporation is an omnichannel retailer. The Company operates approximately 1,174 stores and a Website (www.Kohls.com). The Companyâs Kohl's stores and Website sell private and national brand apparel, footwear, accessories, beauty, and home products. Its Kohl's stores generally carry a consistent merchandise assortment with some differences attributable to local preferences, store size, and Sephora at Kohl's shop-in-shops (Sephora shops). Its Website includes merchandise which is available in its stores, as well as merchandise that is available only online. Its merchandise mix includes both national brands and private brands that are available at Kohl's. Its private portfolio includes various brands, such as Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, and brands that are developed and marketed through agreements with nationally recognized brands, such as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.