Published on 12 Mar 2024 on Zacks via Yahoo Finance
Kohl's (KSS) Q4 Earnings Top Estimates, Revenues & Comps Decline
Kohl's Corporation KSS posted fourth-quarter fiscal 2023 results, with the bottom line increasing year over year and surpassing the Zacks Consensus Estimate. However, the top line fell from the year-ago quarter’s levels and missed the consensus mark.
Quarter in Detail
Kohl's posted earnings of $1.67 per share against a loss of $2.49 posted in the year-ago quarter. The bottom line came ahead of the Zacks Consensus Estimate of $1.24.Total revenues came in at $5,956 million, down from the prior-year quarter’s level of $6,019 million. Net sales inched down 1.1% year over year to $5,710 million. The Zacks Consensus Estimate for the top line was pegged at $5,969.5 million.Comparable sales decreased 4.3%. We had expected a comparable sales decline of 1.2%.