KSS - Kohl's Q4 Highlights: Earnings Beat Sales Dip Expanding Margins & More | Benzinga
Kohl’s Corp (NYSE:KSS) 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.
Comparable sales for the quarter decreased 4.3%. Gross margin for the quarter expanded by 937 basis points to 32.4%.
Operating income for the quarter was $299 million versus $(302) million loss last year. The operating margin expanded 1,005 basis points to 5%.
Selling, general and administrative expenses decreased 4% Y/Y to $1.6 billion. EPS of $1.67 beat ...