Kohl's (KSS) Tops Q4 EPS by 40c, Offers Guidance

Kohl's (NYSE: KSS) reported Q4 EPS of $1.67, $0.40 better than the analyst estimate of $1.27. Revenue for the quarter came in at $5.71 billion versus the consensus estimate of $5.8 billion.

GUIDANCE:

Kohl's sees FY2024 EPS of $2.10-$2.70, versus the consensus of $2.61.

• Net sales: A decrease of (1%) to an increase of 1%
• Comparable sales: In the range of 0% to 2%
• Operating margin: In the range of 3.6% to 4.1%
• Diluted EPS: In the range of $2.10 to $2.70, excluding any non-recurring charges
• Capital Expenditures: Approximately $500 million, including expansion of Sephora partnership and other store-related investments
• Dividend: On February 28, 2024, Kohl’s Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.50 per share. The dividend is payable April 3, 2024 to shareholders of record at the close of business on March 20, 2024.

For earnings history and earnings-related data on Kohl's (KSS) click here.

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