Kohl’s Corp Shows Sales Decline in Q4 of Fiscal Year 2023
Monday, 4 March 2024, 19:59
Kohl’s Corporation FY23 Update
In recent years, Kohl’s Corporation (NYSE: KSS) often came under pressure from activist investors who pushed the management to streamline operations. The department store chain is scheduled to report earnings next week – experts are of the view that sales and profit declined year-over-year in Q4.
Q4 Report Due
- Kohl’s to announce Q4 results on March 12, 7:00 a.m. ET
- Estimates project a decline in net sales and earnings
- Expected revenue and net income are $5.7B and $1.27 per share, respectively
- Continued digital sales decline due to strategic shifts
Despite recent challenges, Kohl’s shows commitment to reviving sales momentum through strategic initiatives and store network expansion.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.