UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from ________ to _________ Commission file number 1-11084 KOHL’S CORPORATION (Exact name of registrant as specified in its charter) Wisconsin 39-1630919 (State or other jurisdic ...

Key PointsKohl’s surprised investors with a Q1 2024 loss of 24 cents versus expectations for a profit of 5 cents, sending shares lower by over 28%.Kohl's is experiencing consumer demand problems as inventories continue to shrink 13% YoY while gross margin rose 48 bps.Kohl’s has a large 33.7% short interest, an 8.93% annual dividend yield, and real estate holdings estimated to be worth between $7 billion to $8 billion, overshadowing its $2.5 billion market cap.5 stocks we like better than Kohl'sDepartment st ...

Kohl's stock price tanked by as much as 26% on Thursday after the department store chain posted a surprise quarterly loss on weaker consumer demand — especially among inflation-battered middle-class shoppers, the company said. The Wisconsin-based company cut its annual sales and profit forecasts as shoppers are still prioritizing essential purchases over discretionary products like apparel, electronics and home goods as they face dwindling pandemic-era savings. Discretionary spend of Kohl's middle-income cu ...

Kohl's shares plunged as much as 25% on Thursday after the retailer reported a surprise first-quarter loss and lowered its forecast for the year. The department store chain saw a 5.3% drop in net sales for the fiscal quarter ending May 4, and comparable sales were down 4.4%. The company said lower clearance sales versus last year amounted to a 600-basis-point drag on comparable sales. "Our first quarter results did not meet our expectations and are not reflective of the direction we are heading with our str ...

财务数据和关键指标变化 - 第一季度销售额下降5.3%,可比销售下降4.4% [55] - 毛利率为39.5%,同比增加48个基点,主要得益于库存管理良好和运费下降 [57] - 销售、管理及一般费用下降约1%至12亿美元,公司严格控制费用 [57] - 净亏损2700万美元,每股亏损0.24美元 [58] 各条业务线数据和关键指标变化 - Sephora业务增长60%,美妆同店销售增长超20% [19][20] - 家居装饰和宠物业务分别增长30%和100% [23] - 礼品和冲动品类销售分别增长30%和60% [24][25] - 女装业务中,常规价格销售增长3% [28][29] - 男装和童装的运动服业务受到清仓销售的拖累 [43][44] - 珠宝业务持续下滑,公司正在重新建立在店内的位置和陈列 [45] 各个市场数据和关键指标变化 - 公司表示高收入客户消费保持稳定,中等收入客户受经济因素影响较大 [16][17] 公司战略和发展方向及行业竞争 - 公司正在执行四大战略重点:提升客户体验、加速和简化价值策略、严格管控库存和费用、进一步加强资产负债表 [17][18] - 公司在Sephora、家居、礼品和冲动品类等新兴业务取得进展,但在运动服、珠宝和部分家居品类仍有机会待改善 [19][23][24][45][46] - 公司计划在2024年新开140家Sephora店铺,并在200家店铺开设Babies"R"Us专区 [21][27] - 公司正在通过提升女装、礼品等业务来吸引更年轻、更多元化的客户群 [21][24][30] 管理层对经营环境和未来前景的评论 - 公司表示第一季度业绩未达预期,主要受到去年高水平清仓销售的拖累 [11][41] - 公司预计随着清仓销售压力的消除,业绩将会改善,但仍对消费环境的不确定性持谨慎态度 [15][64] - 公司将继续专注于提升客户体验、简化价值策略、严格管控库存和费用、加强资产负债表 [17][18] 其他重要信息 - 公司将在2024年第二季度减持1.13亿美元的2025年到期债券,以降低平均债务成本 [61] - 公司维持现有水平的股息支付是优先事项之一 [62] 问答环节重要的提问和回答 问题1 **Bob Drbul 提问** 询问公司对战略的信心以及面临的挑战 [71][72][73][74][75][76] **Tom Kingsbury 回答** 公司对整体战略仍有信心,正在调整一些细节,并正在积极应对运动服、珠宝和部分家居品类的机会 [73][74][75][76] 问题2 **Oliver Chen 提问** 询问清仓影响程度超预期的原因,以及未来推动业绩改善的关键因素 [81][82][83][84][85][86][87] **Jill Timm 回答** 清仓影响超预期主要是由于3月下旬和4月份常规价格销售放缓,公司正在通过Sephora、新品类等举措推动业绩改善 [82][83][84][85][86][87] 问题3 **Mark Altschwager 提问** 询问未来毛利率和费用管控的情况,以及长期7-8%的营业利润率目标是否仍然适用 [106][107][108][109][110] **Jill Timm 回答** 公司有信心维持40-50个基点的毛利率改善,并将继续严格控制费用,长期7-8%的营业利润率目标仍然适用,关键在于推动销售增长 [107][108][109][110]

Kohl's is looking to boost its sagging sales by promoting value to consumers who have been buffeted by high interest rates and inflation. During the quarter ended May 4, the retailer's net sales decreased 5.3% year-over-year and its comparable sales declined 4.4%, according to a Thursday (May 30) earnings release. Kohl's attributed the drop in part to a reduction in clearance sales, which more than offset an increase in regular price sales. "As it relates to the consumer backdrop, our customers continue to ...

Kohl's Corporation (KSS) posted drab first-quarter fiscal 2024 results, with the top and bottom lines declining year over year and falling short of the Zacks Consensus Estimate. While regular price sales increased, soft clearance sales (in comparison to the year-ago period) were a downside. Nonetheless, Kohl's witnessed an improved gross margin and lower inventory while benefiting from stringent cost control. Management remains optimistic about its growth efforts, including Sephora, home decor, gifting, imp ...

Thursday, May 30th, 2024 The biggest day of market data this week (so far) is today. A first revision of Q1 Gross Domestic Product (GDP), Initial and Continuing Jobless Claims, Advance Trade in Goods, Inventory tallies and more key retail earnings numbers dominate the landscape. Unfortunately, pre-market futures are either discounting positive elements of the new data or they're simply ignoring it: the Dow is -300 points at this hour, The Nasdaq is -15 and the Nasdaq -25 points. The slo-mo selloff from all- ...

If you're looking for a generous dividend stock, Kohl's could be it -- and it just got a lot cheaper. Kohl's Corporation (KSS -25.91%) stock imploded Thursday morning -- down 26.3% through 10:15 a.m. ET - - after reporting a big net loss where investors had expected a profit. Heading into the first quarter, analysts forecast Kohl's would earn $0.04 per share on sales of $3.3 billion. Both predictions represented declines from Kohl's Q1 2023 report, but the news was even worse than expected. Kohl's didn't ea ...

Kohl's Corp (NYSE:KSS) announced a surprise loss and revenue miss for the first quarter. The retailer also cut its annual sales forecast due to weaker demand, despite discounts and brand variety. Kohl's stock was last seen down 26.4% at $20.08, trading at its lowest level since October as it paces for its worst single-day percentage drop on record. The shares are down more than 28% for 2024, and are trading below recent support stemming from the 20-day moving average. Short sellers are already firmly in con ...