Kohl’s Corporation ( (KSS) ) has released its Q4 earnings. Here is a breakdown of the information Kohl’s Corporation presented to its investors.
Kohl’s Corporation is a leading omnichannel retailer in the United States, known for its wide range of brands and value offerings across more than 1,100 stores and online platforms. In its latest earnings report, Kohl’s revealed a decrease in net sales and comparable sales for both the fourth quarter and the full fiscal year 2024, with net sales down 9.4% and 7.2% respectively. The company’s diluted earnings per share also saw a decline, although adjusted figures showed a slightly better performance.
Key financial metrics from the report indicate a challenging year for Kohl’s, with a gross margin increase of 49 basis points in the fourth quarter but a decrease in operating income and net income compared to the previous year. The company managed to reduce its SG&A expenses by 4.5% in the fourth quarter, yet these expenses represented a higher percentage of total revenue. Additionally, Kohl’s reduced its long-term debt by $113 million, reflecting efforts to manage financial obligations.
Looking forward, Kohl’s has introduced its fiscal year 2025 outlook, projecting further declines in net sales and comparable sales. The company expects operating margins to range between 2.2% and 2.6%, with diluted EPS anticipated to be between $0.10 and $0.60. Capital expenditures are planned to be between $400 million and $425 million.
Kohl’s CEO, Ashley Buchanan, emphasized the company’s strong foundation and the strategic actions being taken to reposition for future success. The focus will be on enhancing product offerings, value, and customer experience to meet consumer expectations and drive long-term growth.