2024

Strong

when

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">In the <a aria-label="final quarter (opens in a new tab)" href="https://investors.kohls.com/news-releases/news-details/2024/Kohls-Reports-Fourth-Quarter-and-Full-Year-Fiscal-2023-Financial-Results/default.aspx" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">final quarter</a> of fiscal year 2023, Kohl’s Corporation (NYSE: KSS) experienced a notable shift in its financial landscape. The quarter witnessed a slight decline in net sales by 1.1%, settling at $5.7 billion, and a more pronounced decrease in comparable sales by 4.3%.</p>
<p>Despite these challenges, the company posted a diluted earnings per share (<a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">EPS</a>) of $1.67, showcasing resilience in a turbulent retail environment.</p>
<p>This period of financial performance was marked by significant operational achievements, including a gross margin increase to 32.4% and a reduction in Selling, General, and Administrative (SG&amp;A) expenses by 4.0%, underscoring the company’s effective cost management strategies.</p>
<p>The operating income of $299 million compared to a loss in the prior year highlighted a remarkable turnaround attributed to Kohl’s strategic adjustments to navigate the complexities of the retail sector.</p>
<h3 id="kohl-s-outperforms-expectations-in-q4-despite-decline-in-comparable-sales">Kohl’s Outperforms Expectations in Q4 Despite Decline in Comparable Sales</h3>
<p>Kohl’s performance in the fourth quarter stands out, particularly when juxtaposed with market expectations. Analysts had forecasted an EPS of $1.27 and revenue expectations of $1.1 billion for the quarter, which Kohl’s surpassed with an actual EPS of $1.67 and net sales of $5.7 billion.</p>
<p>This discrepancy between expectations and actuals signifies a pivotal success for Kohl’s, especially considering the decrease in comparable sales. The improvements in gross margin and SG&amp;A efficiency further cement Kohl’s position as a company adept at managing its operational costs and navigating the market’s volatility with strategic finesse.</p>
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<h3 id="guidance">Guidance</h3>
<p>Looking forward, Kohl’s has set a cautious yet optimistic tone for fiscal year 2024. The company’s guidance includes a broad range of potential outcomes, with net sales expected to fluctuate between a decrease of 1% and an increase of 1%. Comparable sales are anticipated to range from 0% to 2%, reflecting the company’s strategic initiatives to revitalize sales. Moreover, Kohl’s projects an operating margin between 3.6% and 4.1% and has set a diluted EPS guidance ranging from $2.10 to $2.70, excluding non-recurring charges.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/kohls-q4-eps-of-1-67-surpasses-expectations-demonstrating-strong-cost-management/">Kohl’s Q4 EPS of $1.67 Surpasses Expectations, Demonstrating Strong Cost Management</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Kohl’s Q4 EPS of $1.67 Surpasses Expectations, Demonstrating Strong Cost Management

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