Kohl’s Corporation Reports Profits for Q2 of FY2024
August 25, 2023
☀️Earnings Overview
On August 23 2023, KOHL’S CORPORATION ($NYSE:KSS) reported that their total revenue for the second quarter of FY2024, which ended on July 31 2023, was USD 3895.0 million. This was a 4.7% decrease compared to the same period in 2023. Net income for the quarter was USD 58.0 million, a 59.4% decrease year over year.
Market Price
Kohl’s Corporation reported profits for the second quarter of FY2024 on Wednesday. KOHL’S stock opened at $26.3 and closed at $27.0, representing a 5.1% rise from its last closing price of 25.7. The increase in stock price is indicative of the positive performance of the company in the second quarter of FY2024. This continued success in the digital sphere is a testament to Kohl’s focus on developing and expanding their online presence, an important factor in their overall success.
Kohl’s Corporation looks set to continue their successful trajectory in the coming quarters of FY2024. With their strong same store sales growth, digital expansion, and improved profits, investors have good reason to be optimistic about the company’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kohl’s Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 17.76k | -104 | -0.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kohl’s Corporation. More…
| Operations | Investing | Financing |
| 1.06k | -574 | -500 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kohl’s Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.79k | 11.06k | 33.64 |
Key Ratios Snapshot
Some of the financial key ratios for Kohl’s Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.9% | -41.2% | 0.9% |
| FCF Margin | ROE | ROA |
| 2.5% | 2.7% | 0.7% |
Analysis
At GoodWhale, we recently conducted an analysis of KOHL’S CORPORATION‘s fundamentals. Our Risk Rating indicates that KOHL’S CORPORATION is a medium risk investment in terms of both financial and business aspects. We detected one risk warning in the balance sheet but you can register with GoodWhale to access our full report to see the details. Not only do we grade businesses and investments on their overall risk, but we also dive deep into the financial statements and operational reports to identify any potential risks that the business may face in the future. Our team of analysts works hard to ensure that we have the most up-to-date information on each company and that our ratings are always accurate. 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
Kohl’s Corporation recently announced its second quarter earnings results for FY 2024, ending on July 31, 2023. Total revenue decreased year-over-year by 4.7%, while net income decreased by 59.4%. Despite this, the stock price moved up the same day.
Investors may be encouraged by the positive share price movement, but should remain cautious as further analysis is needed to make an informed decision on whether to invest in this company. It is important to consider factors such as the overall market health, competitor performance, and Kohl’s Corporation’s financials before investing.
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