Categories AlphaGraphs, Earnings, Retail

Infographic: Highlights from Kohl’s (KSS) Q1 2020 earnings results

Kohl’s Corporation (NYSE: KSS) reported its financial results for the quarter ended May 2, 2020, on Tuesday before the bell. The bottom line was wider than the analysts expectations while the top line exceeded consensus estimates.

Kohl's Corporation (KSS) Q1 2020 earnings review

Kohl’s slipped to a loss in the first quarter of 2020 from a profit last year due to a 41% dip in the top-line. As part of the COVID-19 response, the company has taken actions to preserve financial liquidity and financial flexibility. This includes decreased planned capital expenditures by about $500 million, suspended share repurchase program, and suspended regular quarterly dividend beginning in Q2 of 2020.

The company has taken swift and aggressive actions in response to the COVID-19 pandemic, which resulted in positive operating cash flow. Kohl’s has significantly increased financial flexibility during the quarter, ending with $2 billion in cash.

Past Performance

Most Popular

What awaits MongoDB (MDB) after the much-awaited turnaround?

MongoDB, Inc. (NASDAQ: MDB), the tech firm that pioneered a new method for creating databases, enables developers to work with high volumes of varied data effortlessly. The company this week

Earnings: A snapshot of GameStop’s Q3 2022 financial performance

GameStop Corp. (NYSE: GME) reported a narrower net loss for the third quarter of 2022 despite the gaming company’s sales decreasing year-over-year. The company reported a net loss of $94.7 million

Here’s why Signet Jewellers (SIG) is confident about its long-term growth opportunity

Shares of Signet Jewelers Limited (NYSE: SIG) were up 5% on Wednesday. The stock has gained 32% over the past three months. A day ago, the company delivered better-than-expected earnings

Add Comment
Viewing Highlight