KOHL’S CORP Reports Positive Results for Fourth Quarter of FY2023
March 19, 2023
Kohl’s Corp ($BER:KHP). released the financial results for the fourth quarter of FY2023, ending January 31 2023, announcing total revenue of -$273.0 million, a decrease of 191.3% compared to their year-earlier quarter. Net income was $6019.0 million, a decline of 7.4% year-over-year. This report was issued on March 1 2023.
On Wednesday, KOHL’S CORP reported positive results for its fourth quarter of FY2023. The company’s stock opened at €26.1 and closed at €26.0, slightly down from the prior closing price of €26.7. Despite the minor decline, the company posted an overall positive performance in the fourth quarter. Moreover, the company saw a decline in other key metrics such as overhead costs and general expenses.
Investors were encouraged by these results, as they showed that KOHL’S CORP was able to be profitable despite the challenging economic environment. Furthermore, the company reiterated its commitment to improving its operational efficiency and increasing its presence in digital markets. This gave investors confidence that KOHL’S CORP will continue to post strong results moving forward. Live Quote…
About the Company
Below shows the total revenue, net income and net margin for Kohl’s Corp. More…
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Cash Flow Snapshot
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Balance Sheet Snapshot
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Key Ratios Snapshot
Some of the financial key ratios for Kohl’s Corp are shown below. More…
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We at GoodWhale have closely examined the financials of KOHL’S CORP and we have determined it to be a low risk investment in terms of financial and business aspects. Our Risk Rating system has allowed us to confidently rate this company based on their financial standing. However, while we have found no major red flags in their financials, we have identified two risk warnings in the non-financial aspects of their balance sheet. If you would like to know more about these risks, simply register with us and we will be happy to provide you with more detailed information. We recommend that investors take a closer look at their financials before making any final decisions. More…
Investors should be aware of the disappointing fourth quarter results of Kohl’s Corp which ended on January 31st 2023. Total revenue decreased 191.3% year over year to -273 million, while net income decreased by 7.4% to 6019 million. The company reported these results on March 1st 2023.
Although it is unclear if this is an anomaly or a continuing trend, investors should consider the risks associated with investing in Kohl’s Corp stock. Nonetheless, given the company’s history of robust performance in the past it could be worthwhile to keep a watchful eye on any updates and opportunities that could arise.
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