Kohl’s Corp. (KSS) slips to loss in Q2 as revenues fall 23%

Net income was $47 million or $0.30 per share, sharply lower than $241 million or $1.51 per share reported in the second quarter of 2019.

The dismal bottom-line performance reflects a 23% fall in revenues to $3.4 billion. Revenues, meanwhile, topped the Street view.

Looking forward to listening to management/analysts’ comments on Q2 results? Stay tuned here for Kohl’s Q2 2020 earnings call transcript 

“During the second quarter we made significant progress in rebuilding our business. We reopened all of our stores with new safety and operating procedures, accelerated digital growth, and showed great discipline in managing inventory and expenses meaningfully lower,” said CEO Michelle Gass.