2024-03-12 08:59:32 ET
Summary
- Kohl’s is trading higher in the pre-market trading hours after releasing its Q4 and year-end results that topped expectations.
- Heading into the print, the retailer had high hopes for the continued success of its beauty categories. Optimism was also high for “impulse spending” through the holiday season.
- The latter was a risky bet, in my view, due to the greater propensity of a shopper in the current market to stretch a dollar than to sink it.
- Despite the consumer uncertainty, Kohl's ended the fiscal year on a strong note, with inventory down 10% YOY and profitability ahead of consensus estimates.
- While I view shares neutrally, I believe the stock is worth continued attention.
Shares in department store retailer, Kohl’s ( KSS ), have been treading water. Prior to the company’s Q4 results, the stock has essentially traded flat over the past year....
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Kohl's Q4 Earnings: Strong Finish To 2023, Muted Outlook Ahead