Kohl

Kohl’s (NYSE:KSS) reported fiscal Q1 earnings  of $0.13 per diluted share, up from $0.11 a year earlier. Analysts polled by Capital IQ expected a loss of $0.41 per share, if comparable. Net sales for the quarter ended April 29 were $3.36 billion, down from $3.47 billion a year earlier. Analysts surveyed by Capital IQ expected $3.37 billion. The department store chain operator’s fiscal Q1 comparable sales fell 4.3%. Analysts polled by Capital IQ expected a year-over-year decrease of 4.2%. Kohl’s said it continues to expect fiscal 2023 earnings, excluding non-recurring charges, of $2.10 to $2.70 per share. Analysts polled by Capital IQ are expecting normalized earnings of $2.32 per share. Net sales for the current fiscal year are still projected to fall 2% to 4%, the company said.

March 1, 2023— Kohl’s Corporation (NYSE:KSS) today reported results for the quarter and year ended January 28, 2023. Kohl’s Corporation (NYSE:KSS) reported a fiscal Q4 adjusted loss  of $2.49 per diluted share, Analysts polled by Capital IQ forecast normalized earnings of $0.97 per share. Net sales for the quarter ended Jan. 28 were $5.78 billion, Analysts surveyed by Capital IQ projected $6.03 billion. The department store chain operator’s Q4 comparable sales fell 6.6%. Analysts polled by Capital IQ expected a year-over-year decrease of 4.1%. Kohl’s said it expects fiscal 2023 earnings, excluding non-recurring charges, of $2.10 to $2.70 per share. Analysts polled by Capital IQ are expecting normalized earnings of $2.99 per share. Net sales for the year are expected to fall 2% to 4%, the company said. Analysts polled by Capital IQ are looking for net sales of $17.54 billion. Fourth Quarter 2022 Results Net sales decreased 7.2% year-over-year, to $5.8 billion,