Latest news with #KSS
Yahoo
2 days ago
- Business
- Yahoo
KSS Q1 Earnings Call: Kohl's Outlines Turnaround Priorities Amid Challenging Retail Backdrop
Department store chain Kohl's (NYSE:KSS) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 4.4% year on year to $3.23 billion. Its GAAP loss of $0.13 per share increased from -$0.24 in the same quarter last year. Is now the time to buy KSS? Find out in our full research report (it's free). Revenue: $3.23 billion (4.4% year-on-year decline) Adjusted Operating Income: $60 million vs analyst estimates of $43.42 million (1.9% margin, 38.2% beat) EPS (GAAP) guidance for the full year is $0.35 at the midpoint, missing analyst estimates by 47.4% Operating Margin: 1.9%, in line with the same quarter last year Same-Store Sales fell 3.9% year on year, in line with the same quarter last year Market Capitalization: $901.7 million Kohl's first quarter results reflected the early stages of a turnaround effort, with management emphasizing renewed focus on product assortment and customer needs. Interim CEO Michael Bender, newly appointed after a period of leadership change, stressed the importance of rebalancing the merchandise mix and restoring categories popular with core customers. CFO Jill Timm highlighted solid performance in reintroduced fine jewelry and petite apparel, attributing gains to reversing past decisions that alienated loyal shoppers. Management was candid that progress would be gradual, noting the turnaround is ongoing and that much of the required work still lies ahead. Timm acknowledged, 'This is a turnaround and will continue to take time, and much of the work remains ahead of us.' Looking forward, Kohl's is focused on driving improved value for customers while navigating ongoing pressures, including tariffs and cautious consumer spending. Management discussed initiatives to enhance proprietary brand penetration and expand coupon eligibility, aiming to regain lost wallet share from core shoppers. Bender emphasized the company's intention to 'align the business to meet the needs of our customers,' especially as many consumers face budget constraints. Timm outlined efforts to mitigate tariff impacts through diversified sourcing and cost management, stating, 'We believe we can achieve our financial guidance for the year…as we continue to work to reduce our exposure to high tariff countries.' The company expects the benefit of new assortments and promotional actions to build gradually through the year. Management traced first quarter performance to changes in merchandise strategy, efforts to restore lost customer segments, and continued operational discipline. Several key business updates shaped the quarter's outcome. Assortment rebalance underway: Kohl's re-emphasized core categories such as fine jewelry and petites after previously deprioritizing them, resulting in double-digit growth in those segments. Management attributed this to listening to long-time customers and rectifying past assortment decisions. Proprietary brands regaining traction: With renewed investment in value-oriented private label brands like Tek Gear and Lauren Conrad, Kohl's began to reverse underperformance in these lines. Timm noted proprietary brands improved 400 basis points quarter-over-quarter, but acknowledged they remain below company averages and require further attention. Sephora rollout completed: The chain finished adding Sephora shops to all locations, with beauty segment net sales up 6%. While growth rates have moderated as the rollout matures, management sees ongoing market share gains in beauty, especially in fragrance and hair categories. Digital channel lags but improving: Online sales declined again, driven by weakness in home and among Kohl's card customers. However, management pointed to early improvements as more brands became coupon-eligible online, with expectations of further gains as promotional changes expand. Operational cost control: SG&A expenses fell 5% year over year, reflecting disciplined store and marketing expenditures. Management credited ongoing efficiency efforts and a shift in credit servicing to an external party for helping offset sales pressures. Kohl's forward guidance is shaped by efforts to rebuild customer loyalty, manage external cost headwinds, and deliver value-focused merchandising. Customer wallet share recovery: Management is prioritizing regaining spend from core Kohl's card customers who reduced their shopping frequency and basket size after prior assortment changes. The company is expanding coupon eligibility and reintroducing favored proprietary brands to address this, aiming to increase both store and digital engagement. Tariff mitigation and sourcing: The company is actively shifting product sourcing to a wider range of countries to limit exposure to tariffs, working closely with suppliers to manage price elasticity and inventory flow. Management believes most tariff-related cost pressures can be offset through these sourcing strategies and promotional adjustments. Margin discipline amid investment: While investing in store layout improvements, digital upgrades, and fulfillment expansion, management plans to tightly control inventory and general expenses. They expect margin benefits as proprietary and impulse categories expand, but acknowledged ongoing gross margin pressure from value-focused pricing and cautious consumer behavior. In the coming quarters, the StockStory team will monitor (1) the effectiveness of efforts to win back core Kohl's card customers and drive proprietary brand growth, (2) the impact of new coupon eligibility and promotional strategies on both in-store and digital channels, and (3) progress in offsetting tariff pressures through sourcing and inventory management. Store layout changes and the performance of new product categories will also be critical indicators of turnaround momentum. Kohl's currently trades at a forward P/E ratio of 30.6×. Is the company at an inflection point that warrants a buy or sell? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
3 days ago
- Business
- Business Standard
KSS reports consolidated net loss of Rs 1.32 crore in the March 2025 quarter
Sales decline 59.46% to Rs 0.30 crore Net Loss of KSS reported to Rs 1.32 crore in the quarter ended March 2025 as against net loss of Rs 1.82 crore during the previous quarter ended March 2024. Sales declined 59.46% to Rs 0.30 crore in the quarter ended March 2025 as against Rs 0.74 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 2.89 crore in the year ended March 2025 as against net loss of Rs 3.57 crore during the previous year ended March 2024. Sales declined 56.80% to Rs 2.00 crore in the year ended March 2025 as against Rs 4.63 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 0.300.74 -59 2.004.63 -57 OPM % -323.33-131.08 - -48.00-25.49 - PBDT -0.82-0.97 15 -0.84-1.19 29 PBT -1.32-1.82 27 -2.89-3.57 19 NP -1.32-1.82 27 -2.89-3.57 19
Yahoo
3 days ago
- Business
- Yahoo
Jobless Claims Come in Higher
Pre-market futures are in the green at this hour, at first appearing overjoyed at a federal court ruling that rolled back President Trump's tariff policy. Futures had been as high as +2.8% (Russell 2000; half that on the Dow: +1.4%), but have dragged closer to unchanged as the administration vows to appeal the court ruling, and perhaps find other ways to instill tariffs on U.S. trading partners. Thus, the Dow is currently up +95 points, the S&P 500 +45 and the Nasdaq +285 points. The Russell is now +17, or +0.84%. Certainly better than a sharp stick in the eye, but now well off the bounce-back pace the indexes had been on earlier. Bond yields are holding fairly steady: +4.47% on the 10-year, +3.99% on the 2-year and +4.97% on the 30-year. Initial Jobless Claims reached +240K last week, the highest single-week print we've seen in a month, and higher by 10K from consensus estimates. This bounds up from a downwardly revised 226K the prior week, and appears to indicate something of a softening in the labor market. Then again, these weekly numbers tend to get revised downward in future weeks. We can't say right now whether this is a new level or another multi-week blip on the screen. Continuing Claims posted their highest single-week tally since November of 2021 at 1.919 million longer-term jobless claims. This is another metric we've seen revised below the psychological 1.9 million market routinely; indeed, this has happened on the previous week's revision, which moved from 1.903 million to 1.89 million this morning. Nevertheless, we're starting to see weekly claims warm up on the long-end, too. The second print on Q1 2025 Gross Domestic Product (GDP) has hit the tape this morning, with a -0.2% headline improving 10 basis points (bps) from the first read, and 20 bps better than the -0.4% expected. Consumption dwindled from +1.8% to +1.2% on today's revision — the lightest we've seen since Q2 2023. The big Personal Consumption Expenditures (PCE) report comes out tomorrow ahead of the opening bell, though today we get something of a sneak-peek: the Pricing Index reached +3.7%, in-line with expectations and -10 bps from the first read. The Core Pricing Index came in at +3.4%, which is the highest level we've seen since Q1 2024. It's also the third-straight higher quarter. Best Buy BBY posted decent numbers in its Q1 report ahead of today's open: earnings of $1.15 per share came ahead of the $1.09 expected, while revenues were a smidge better than anticipated to $8.77 billion. The big-box retailer's comps were lower, but better than expected. However, tariff conditions have led the company to cut guidance, leading to a -3% sell-off in today's pre-market. Shares had already been down -16% year to date. Kohl's KSS posted a surprisingly good Q1 this morning, with its loss of -$0.13 per share much improved from the -$0.22 analysts had been expecting. Revenues of $3.23 billion outpaced estimates by +0.88%. Importantly, the company kept its forward guidance intact; shares are up +7% in today's pre-market (though still have a ways to go to get to break-even on the year). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kohl's Corporation (KSS) : Free Stock Analysis Report Best Buy Co., Inc. (BBY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
3 days ago
- Business
- Yahoo
Kohl's (KSS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Kohl's (KSS) reported $3.23 billion in revenue for the quarter ended April 2025, representing a year-over-year decline of 4.4%. EPS of -$0.13 for the same period compares to -$0.24 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $3.2 billion, representing a surprise of +0.88%. The company delivered an EPS surprise of +40.91%, with the consensus EPS estimate being -$0.22. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Kohl's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Comparable store sales - YoY change (Domestic retail): -3.9% compared to the 0% average estimate based on five analysts. Number of stores - Total: 1,153 versus the four-analyst average estimate of 892. Net Sales: $3.05 billion compared to the $2.99 billion average estimate based on four analysts. The reported number represents a change of -4.1% year over year. Other revenue: $184 million compared to the $179.90 million average estimate based on four analysts. The reported number represents a change of -9.8% year over year. View all Key Company Metrics for Kohl's here>>>Shares of Kohl's have returned +20.9% over the past month versus the Zacks S&P 500 composite's +6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kohl's Corporation (KSS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
3 days ago
- Business
- Yahoo
Pre-Markets Stay Green After Tariff Ruling, Jobless Claims, Q1 GDP
Thursday, May 29, 2025Pre-market futures are in the green at this hour, at first appearing overjoyed at a federal court ruling that rolled back President Trump's tariff policy. Futures had been as high as +2.8% (Russell 2000; half that on the Dow: +1.4%), but have dragged closer to unchanged as the administration vows to appeal the court ruling, and perhaps find other ways to instill tariffs on U.S. trading the Dow is currently up +95 points, the S&P 500 +45 and the Nasdaq +285 points. The Russell is now +17, or +0.84%. Certainly better than a sharp stick in the eye, but now well off the bounce-back pace the indexes had been on earlier. Bond yields are holding fairly steady: +4.47% on the 10-year, +3.99% on the 2-year and +4.97% on the Jobless Claims reached +240K last week, the highest single-week print we've seen in a month, and higher by 10K from consensus estimates. This bounds up from a downwardly revised 226K the prior week, and appears to indicate something of a softening in the labor market. Then again, these weekly numbers tend to get revised downward in future weeks. We can't say right now whether this is a new level or another multi-week blip on the Claims posted their highest single-week tally since November of 2021 at 1.919 million longer-term jobless claims. This is another metric we've seen revised below the psychological 1.9 million market routinely; indeed, this has happened on the previous week's revision, which moved from 1.903 million to 1.89 million this morning. Nevertheless, we're starting to see weekly claims warm up on the long-end, second print on Q1 2025 Gross Domestic Product (GDP) has hit the tape this morning, with a -0.2% headline improving 10 basis points (bps) from the first read, and 20 bps better than the -0.4% expected. Consumption dwindled from +1.8% to +1.2% on today's revision — the lightest we've seen since Q2 big Personal Consumption Expenditures (PCE) report comes out tomorrow ahead of the opening bell, though today we get something of a sneak-peek: the Pricing Index reached +3.7%, in-line with expectations and -10 bps from the first read. The Core Pricing Index came in at +3.4%, which is the highest level we've seen since Q1 2024. It's also the third-straight higher Buy BBY posted decent numbers in its Q1 report ahead of today's open: earnings of $1.15 per share came ahead of the $1.09 expected, while revenues were a smidge better than anticipated to $8.77 billion. The big-box retailer's comps were lower, but better than expected. However, tariff conditions have led the company to cut guidance, leading to a -3% sell-off in today's pre-market. Shares had already been down -16% year to date. For more on BBY's earnings, click KSS posted a surprisingly good Q1 this morning, with its loss of -$0.13 per share much improved from the -$0.22 analysts had been expecting. Revenues of $3.23 billion outpaced estimates by +0.88%. Importantly, the company kept its forward guidance intact; shares are up +7% in today's pre-market (though still have a ways to go to get to break-even on the year). For more on KSS' earnings, click or comments about this article and/or author? Click here>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kohl's Corporation (KSS) : Free Stock Analysis Report Best Buy Co., Inc. (BBY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
