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

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