KSS - Kohl's Analysts Increase Their Forecasts After Q4 Results | Benzinga
Kohl's Corporation (NYSE: KSS) posted upbeat earnings for its fourth quarter on Tuesday.
Kohl’s reported a fourth-quarter FY23 sales decline of 1.1% year-on-year to $5.71 billion, beating the analyst consensus estimate of $5.70 billion.
Selling, general and administrative expenses decreased 4% Y/Y to $1.6 billion. EPS of $1.67 beat the analyst consensus estimate of $1.28.
"Our store business had its best comparable sales performance since 2010, Sephora at Kohl’s continued to drive meaningful beauty sales growth, and we managed inventory down 10% at year end,” said CEO Tom Kingsbury.
For FY24, Kohl’s expects sales growth ...