Categories AlphaGraphs, Earnings, Retail

Earnings: Kohl’s (KSS) slips to loss in Q4 2022 as revenues decline 7%

Department store chain Kohl’s Corp. (NYSE: KSS) on Wednesday reported a net loss for the fourth quarter of 2022 when the company’s revenues declined 7%.

Kohl’s Corp. Q4 2022 earnings infographic

On an adjusted basis, the company reported a loss of $2.49 per share for the January quarter, compared to earnings of $2.20 per share in the prior-year quarter. On an unadjusted basis, the net loss was $273 million or $2.49 per share, compared to a profit of $299 million or $2.20 per share in the prior-year period.

The weak bottom-line performance reflects a 7% year-over-year decrease in revenues to $5.77 billion. Fourth-quarter comparable sales dropped 6.6%.


Check this space to read management/analysts’ comments on quarterly reports.


“Our efforts to drive the business are already underway. We are refining our strategy and re-establishing merchandise disciplines with a customer-centric focus across the organization. I am confident that our efforts will drive improved and more consistent, sales and earnings performance over the long term,” said Kohl’s CEO Tom Kingsbury.

Prior Performance

  • Kohl’s Q3 2022 earnings infographic
  • Kohl’s Q2 2022 earnings infographic
  • Kohl's Corporation Q1 2022 Earnings Infographic

Most Popular

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Walgreens Boots Alliance set to report earnings next week. Here’s what to expect

Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the drug store chain that is expanding into a diversified healthcare provider, is on a restructuring drive aimed at better aligning the business with

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top