- Kohl's press release ( NYSE: KSS ): Q4 Non-GAAP EPS of -$2.49 misses by $3.46 .
- Revenue of $6.02B (-7.4% Y/Y) misses by $10M .
- Introduces full year 2023 financial outlook: For the full year 2023 , the Company currently expects the following: Net sales: A decrease of (2%) to (4%) vs. estimated growth of 0.72% Y/Y, includes the impact of the 53rd week which is worth approximately 1% year-over-year.
- Operating margin: Approximately 4.0%.
- Diluted earnings per share: In the range of $2.10 to $2.70 vs $3.20 consensus, excluding any non-recurring charges.
- Capital Expenditures: $600 million to $650 million, including expansion of its Sephora partnership and store refresh activity.
- Debt Reduction: The Company retired $164 million of bonds that matured in February 2023, and expects to retire $111 million of bonds maturing in December 2023.
For further details see:
Kohl's reports Q4 earnings miss; initiates FY23 outlook