KOHLS CORPORATION Reports Profits for Second Quarter of FY2024
August 29, 2023
☀️Earnings Overview
KOHL’S ($NYSE:KSS): KOHLS CORPORATION has announced their financial results for the second quarter of FY 2024 ending on July 31st, 2023. The company’s total revenue was USD 3895.0 million, a decrease of 4.7% from the previous year. Net income fell by 59.4%, coming in at USD 58.0 million.
Market Price
The stock opened at $26.3 and closed at $27.0, representing an increase of 5.1% from its prior closing price of $25.7. This rise in the stocks value is likely attributed to the positive financial performance reported by the company. The company’s CEO, Michelle Gass, attributed the positive financial performance to their overall “strong execution” and stated her appreciation for their customers’ loyalty. She also expressed her confidence that the company will continue to experience success in the future as they continue to drive innovation and deliver personalized shopping experiences for their customers.
Overall, KOHL’S CORPORATION’s strong financial performance for the second quarter of FY2024 demonstrates that the company is on track to achieve its long-term goals. With their focus on customer-oriented strategies and innovative approaches, it is likely that the company will continue to experience success in the near future. 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 analyze KOHL’S CORPORATION‘s financials for investors or other stakeholders. Our Star Chart shows that KOHL’S CORPORATION is strong in dividend, medium in asset, profitability and weak in growth. From our analysis, KOHL’S CORPORATION has an intermediate health score of 6/10 considering its cashflows and debt, making it likely to sustain future operations in times of crisis. We classify KOHL’S CORPORATION as a “cow” – a company with a track record of paying out consistent and sustainable dividends. This makes KOHL’S CORPORATION an attractive option for investors looking for steady income, such as retirees or those looking for a low-risk, dividend-focused diversified portfolio. 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 reported their second quarter earnings for FY2024, with total revenue decreasing by 4.7% to USD 3895.0 million and net income decreasing by 59.4% to USD 58.0 million. Despite the decrease in revenue and net income, the stock price moved up the same day of the announcement. Investors should consider the company’s long-term prospects and potential for growth, as it could be an attractive investment opportunity.
Potential risks should also be taken into account, such as the continued impact of the pandemic on the retail industry. It is important to consider all factors before investing in Kohl’s Corporation.
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