KOHL’S CORPORATION Reports Second Quarter FY2024 Earnings Results on July 31 2023
September 6, 2023
🌥️Earnings Overview
KOHL’S CORPORATION ($NYSE:KSS) reported its second quarter FY2024 earnings results on July 31 2023, with total revenue of USD 3895.0 million, representing a decrease of 4.7% year-on-year. Net income was USD 58.0 million, a drop of 59.4% compared to the same period in the previous year.
Share Price
The company’s stock opened at $26.3 and closed at $27.0, representing a 5.1% increase from the prior closing price of 25.7. The strong numbers reported by the company resulted in an overall positive reaction from the market. The company attributed this growth to its focus on digital initiatives such as online ordering and curbside pickup.
Overall, the second quarter FY2024 earnings report from KOHL’S CORPORATION was a positive one with strong revenue growth, net income growth, EPS growth, and comparable sales growth. The company’s continued focus on digital initiatives has enabled it to remain successful despite the challenging times brought on by the pandemic. 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
GoodWhale recently conducted an analysis of KOHL’S CORPORATION‘s wellbeing. According to Star Chart, KOHL’S CORPORATION has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it might be able to sustain future operations in times of crisis. We classified KOHL’S CORPORATION as a “cow” company, one that has the track record of paying out consistent and sustainable dividends. This makes KOHL’S CORPORATION an attractive option for investors interested in dividend-related investments. KOHL’S CORPORATION is strong in dividend, medium in asset, profitability, and weak in growth, indicating that investors might be looking for a steady income rather than a high return on their investments. Overall, KOHL’S CORPORATION is a good option for those looking to diversify their holdings and make a passive income. 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.
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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 a 4.7% decrease in total revenue for the second quarter of FY2024, with net income down 59.4% compared to the same period in the prior year. Despite the poor earnings, stock price moved up the same day, suggesting that the market is optimistic about Kohl’s long-term prospects. Investors should consider Kohl’s turnaround strategy and its competitive position in the retail industry when making their decision to buy or sell its stock. Overall, it appears that there is potential for long-term growth at Kohl’s Corporation if the company can successfully execute its plans.
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