KOHL’S CORPORATION Reports 5.2% Decrease in Total Revenue for Q3 FY2024

🌥️Earnings Overview

KOHL’S CORPORATION ($NYSE:KSS) reported total revenue of USD 4054.0 million for the third quarter of its fiscal year 2024, a 5.2% decrease from the equivalent period in 2023. Net income for the quarter was USD 59.0 million, a 39.2% decline year-on-year. These financial results were made public on November 21 2023.

Analysis

GoodWhale’s analysis of KOHL’S CORPORATION‘s wellbeing has concluded that it is strong in asset and dividend, medium in profitability, and weak in growth. The Star Chart indicates that KOHL’S CORPORATION has an intermediate health score of 6/10 with regard to its cashflows and debt, and is likely to pay off debt and fund future operations. On this basis, GoodWhale classifies KOHL’S CORPORATION as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This makes KOHL’S CORPORATION an attractive investment for those looking for a long-term dividend income stream. Investors who are interested in capital appreciation may also be attracted by KOHL’S CORPORATION’s assets and dividend payments. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Kohl’s Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Kohl’s Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Kohl’s Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Kohl’s Corporation are shown below. More…

Peers

The company operates stores under the Kohl’s, Kohl’s Cares, and Kohl’s Cash names. As of February 3, 2018, Kohl’s operated 1,158 department stores in 49 states. The company also operated a website, Kohls.com, and a mobile app.

– Macy’s Inc ($NYSE:M)

Macy’s, Inc. is an American holding company founded by Xavier Warren in 1830. The company operates about 850 department stores in 45 states, the District of Columbia, Puerto Rico, and Guam, as well as macys.com, bloomingdales.com, and bluemercury.com. Macy’s, Inc. is headquartered in Cincinnati, Ohio.

Macy’s market cap is 5.27B as of 2022 and has a ROE of 40.81%. The company operates about 850 department stores in 45 states, the District of Columbia, Puerto Rico, and Guam, as well as macys.com, bloomingdales.com, and bluemercury.com. Macy’s, Inc. is headquartered in Cincinnati, Ohio.

– Nordstrom Inc ($NYSE:JWN)

Nordstrom Inc is a leading retailer with a market cap of 3.2B as of 2022. The company has a strong return on equity of 70.09%. Nordstrom is known for its wide range of products and services, including clothing, shoes, cosmetics, and home furnishings. The company operates more than 350 stores in the United States and Canada. Nordstrom also operates an online store and provides customer service through its website and call center.

– World Co Ltd ($TSE:3612)

Alibaba Group Holding Limited is a Chinese multinational conglomerate holding company specializing in e-commerce, retail, Internet, and technology. Founded in 1999 by Jack Ma, Alibaba Group’s mission is to make it easy to do business anywhere. The company operates in four primary business segments: core commerce, cloud computing, digital media and entertainment, and innovation initiatives. Alibaba Group’s businesses encompass online and mobile marketplaces in retail and wholesale, payment processing, e-commerce infrastructure, and data-centric cloud computing. The company also owns and operates a number of other businesses, including Taobao Marketplace, Tmall, AliExpress, Alibaba Cloud Computing, Ant Financial, and Lazada. Alibaba Group has a market cap of $47.06 billion as of 2022 and a return on equity of 4.14%.

Summary

Investors should take note of the recent quarterly earnings report from KOHL’S CORPORATION. The company reported total revenue of USD 4054.0 million for the third quarter of its fiscal year 2024, a 5.2% decrease compared to the same period in the previous year. Net income for the quarter was USD 59.0 million, a 39.2% drop from the same quarter in 2023.

Although the stock price moved down the same day, investors may want to consider this opportunity to get in on a potentially undervalued stock at a lower price point. It is possible that the company could turn around its performance in the near future and yield high returns for shareholders.