Kohl's (KSS) Cuts View on Q1 Earnings Miss, Low Comparable Sales
KSSKohl’s(KSS) ZACKS·2024-05-30 23:51

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 ...