Categories Earnings, Retail

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

Department store chain Kohl’s Corp. (NYSE: KSS) reported a net loss for the second quarter of 2020, compared to profit last year. The results surpassed estimates and the company’s stock gained Tuesday morning.

The company reported a loss of $0.25 per share for the July quarter, compared to earnings of $1.55 per share last year. Analysts were looking for a wider loss.

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.

Most Popular

Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers

Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as

Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates

Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and

Three key factors that bode well for Tattooed Chef (TTCF) going forward

Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock

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