Latest news with #Kohl'sCorporation
Yahoo
6 days ago
- Business
- Yahoo
Kohl's Q1 Loss Narrower Than Estimates, Sales Decline 4% Y/Y
Kohl's Corporation KSS reported first-quarter fiscal 2025 loss per share of 13 cents, which was narrower than the Zacks Consensus Estimate of a loss of 22 cents. The bottom line showed an improvement from the year-ago period's loss of 24 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Kohl's Corporation price-consensus-eps-surprise-chart | Kohl's Corporation Quote Total revenues were $3,233 million, down from the prior-year quarter's $3,382 million. Nevertheless, the top line surpassed the Zacks Consensus Estimate of $3,176 million. The company's net sales fell 4.1% to $3,049 million, while other revenues fell 9.8% to $184 million. We note that comparable sales declined 3.9% year over year. We expected comparable sales to decrease 6%. Kohl's gross margin expanded 37 basis points (bps) to 39.9% in the reported quarter. We expected a gross margin increase of 10 bps. SG&A expenses dropped 5.2% to $1,164 million. As a percentage of total revenues, SG&A expenses decreased 32 bps to 36%. We anticipated SG&A expenses, as a percentage of net sales, to increase 70 bps. KSS posted an operating income of $60 million, up from $43 million in the year-ago period. The operating income margin expanded 58 bps to 1.9%. Kohl's ended the quarter with cash and cash equivalents of $153 million and shareholders' equity of $3,779 million. Net cash used in operating activities was $92 million for the three months ending May 3, expects capital expenditures of $400-$425 million for fiscal May 14, 2025, Kohl's declared a quarterly cash dividend of 12.50 cents per share, payable on June 25, to its shareholders of record as of June 11. For fiscal 2025, Kohl's continues to foresee a net sales decline of 5-7%. Comparable sales are projected to decline 4-6% during the year. The operating margin is expected to range from 2.2% to 2.6% in fiscal 2025. Management anticipates full-year earnings per share to be between 10 cents and 60 Zacks Rank #3 (Hold) company's shares have lost 28.5% in the past three months compared with the industry's decline of 5.5%. Image Source: Zacks Investment Research Urban Outfitters, Inc. URBN offers lifestyle products and services. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Urban Outfitters' current fiscal-year earnings and sales indicates growth of 20.9% and 8%, respectively, from the year-ago period's reported figures. URBN delivered a trailing four-quarter average earnings surprise of 29%.Genesco Inc. GCO operates as a retailer and wholesaler of footwear, apparel and accessories, carrying a Zacks Rank #2 (Buy). GCO delivered a trailing four-quarter earnings surprise of 37.2%, on Zacks Consensus Estimate for Genesco's current fiscal-year earnings and sales indicates growth of 63.8% and 0.6%, respectively, from the year-ago period's reported Goose Holdings Inc. GOOS designs, manufactures and sells performance luxury apparel for men, women, youth, children and babies. It carries a Zacks Rank of 2 at present. GOOS delivered a trailing four-quarter average earnings surprise of 57.2%.The Zacks Consensus Estimate for Canada Goose's current fiscal-year earnings and sales implies a decline of 10% and 2.9%, respectively, from the year-ago actuals. 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 Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report Genesco Inc. (GCO) : Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Wire
29-05-2025
- Business
- Business Wire
Kohl's Reports First Quarter Fiscal 2025 Financial Results
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Kohl's Corporation (NYSE:KSS) today reported results for the first quarter ended May 3, 2025. Michael Bender, Kohl's Interim Chief Executive Officer, said, 'I am honored to assume the role of Interim CEO at such an important time for our company. Kohl's has a tremendous opportunity to build on our strong foundation of over 1,100 conveniently located stores and a large and loyal customer base.' 'Our first quarter performance was ahead of our expectations and the actions we are taking are starting to make progress with early signs of a positive impact. Our team is focused and motivated to deliver great products, great value, and a great shopping experience to our customers. I want to thank our amazing team of associates for their hard work and dedication. I am excited to lead this next chapter of Kohl's and build on the momentum we have begun to generate,' Bender continued. First Quarter 2025 Results Comparisons refer to the 13-week period ended May 3, 2025 versus the 13-week period ended May 4, 2024 Net sales decreased 4.1% year-over-year, to $3 billion, with comparable sales down 3.9%. Gross margin as a percentage of net sales was 39.9%, an increase of 37 basis points. Selling, general & administrative (SG&A) expenses decreased 5.2% year-over-year, to $1.2 billion. As a percentage of total revenue, SG&A expenses were 36.0%, a decrease of 32 basis points year-over-year. Operating income was $60 million compared to $43 million in the prior year. As a percentage of total revenue, operating income was 1.9%, an increase of 58 basis points year-over-year. Net loss was $15 million, or ($0.13) per diluted share. This compares to net loss of $27 million, or ($0.24) per diluted share in the prior year. Inventory was $3.1 billion, an increase of 2% year-over-year. Operating cash flow was a use of $92 million. 2025 Financial and Capital Allocation Outlook For the full year 2025, the Company continues to expect the following, excluding the impact of potential items not representative of our core operating performance: Net sales: A decrease of (5%) to a decrease of (7%) Comparable sales: A decrease of (4%) to a decrease of (6%) Operating margin: In the range of 2.2% to 2.6% Diluted EPS: In the range of $0.10 to $0.60 Capital Expenditures: In the range of $400 million to $425 million Dividend: On May 14, 2025, Kohl's Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.125 per share. The dividend is payable June 25, 2025 to shareholders of record at the close of business on June 11, 2025. First Quarter 2025 Earnings Conference Call Kohl's will host its quarterly earnings conference call at 9:00 am ET on May 29, 2025. A webcast of the conference call and the related presentation materials will be available via the Company's web site at both live and after the call. Cautionary Statement Regarding Forward-Looking Information This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends forward-looking terminology such as 'believes,' 'expects,' 'may,' 'will,' 'should,' 'anticipates,' 'plans,' or similar expressions to identify forward-looking statements. Forward-looking statements include the information under '2025 Financial and Capital Allocation Outlook.' Such statements are subject to certain risks and uncertainties, which could cause the Company's actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks described more fully in Item 1A in the Company's Annual Report on Form 10-K, which are expressly incorporated herein by reference, and other factors as may periodically be described in the Company's filings with the SEC. Forward-looking statements relate to the date initially made, and the Company undertakes no obligation to update them. About Kohl's Kohl's (NYSE: KSS) is a leading omnichannel retailer built on a foundation that combines great brands, incredible value and convenience for our customers. Kohl's is uniquely positioned to deliver against its long-term strategy and its purpose to take care of families' realest moments. Kohl's serves millions of families in its more than 1,100 stores in 49 states, online at and through the Kohl's App. With a large national footprint, Kohl's is committed to making a positive impact in the communities it serves. For a list of store locations or to shop online, visit For more information about Kohl's impact in the community or how to join our winning team, visit KOHL'S CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited) (Dollars in Millions) May 3, 2025 May 4, 2024 Assets Current assets: Cash and cash equivalents $ 153 $ 228 Merchandise inventories 3,137 3,083 Other 290 345 Total current assets 3,580 3,656 Property and equipment, net 7,209 7,664 Operating leases 2,374 2,498 Other assets 476 460 Total assets $ 13,639 $ 14,278 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 1,026 $ 1,220 Accrued liabilities 1,177 1,265 Borrowings under revolving credit facility 545 355 Current portion of: Long-term debt 353 — Finance leases and financing obligations 80 81 Operating leases 99 92 Total current liabilities 3,280 3,013 Long-term debt 1,174 1,638 Finance leases and financing obligations 2,433 2,651 Operating leases 2,687 2,783 Deferred income taxes 27 94 Other long-term liabilities 259 286 Shareholders' equity: 3,779 3,813 Total liabilities and shareholders' equity $ 13,639 $ 14,278 Expand KOHL'S CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Three Months Ended (Dollars in Millions) May 3, 2025 May 4, 2024 Operating activities Net loss $ (15) $ (27) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 175 188 Share-based compensation 9 10 Deferred income taxes (2) (13) Non-cash lease expense 21 22 Other non-cash items 2 3 Changes in operating assets and liabilities: Merchandise inventories (191) (202) Other current and long-term assets 31 (81) Accounts payable (16) 86 Accrued and other long-term liabilities (83) 34 Operating lease liabilities (23) (27) Net cash used in operating activities (92) (7) Investing activities Acquisition of property and equipment (110) (126) Proceeds from sale of real estate 2 — Net cash used in investing activities (108) (126) Financing activities Net borrowings under revolving credit facility 255 263 Shares withheld for taxes on vested restricted shares (4) (9) Dividends paid (14) (55) Finance lease and financing obligation payments (21) (21) Proceeds from financing obligations 3 — Net cash provided by financing activities 219 178 Net increase in cash and cash equivalents 19 45 Cash and cash equivalents at beginning of period 134 183 Cash and cash equivalents at end of period $ 153 $ 228 Expand
Yahoo
22-05-2025
- Business
- Yahoo
Kohl's Corporation (NYSE:KSS) 'Just Had To Lose Another CEO,' Says Jim Cramer
We recently published a list of Jim Cramer Reveals 'Quiet' Stock That Goes Up In This List Of 12 Stocks. In this article, we are going to take a look at where Kohl's Corporation (NYSE:KSS) stands against other stocks that Jim Cramer recently discussed. In a recent appearance on CNBC's Squawk on the Street, Jim Cramer commented on the recent downgrade of US credit. In a surprising development that led markets to end flat during the day, ratings agency Moody's downgraded America's perfect credit rating from the highest rating of AAA to AA+. Mentioning the development, Cramer said: "No we gotta go back to when there was a surprise. Of course when we saw S&P downgrade our. . .debt Triple A to AA+. And that was, you know we got hit pretty badly, down 6.6% in August 5th of 2011. But then we had, we had Fitch downgrade us. And that was not that bad. That was a down 1.38, when. . .And David, what's happening, that didn't happen then, was that is an alternative, the money keeps going to these European stocks. And it's rather amazing because when you look at dollar denominated, you. . .Germany and Spain up 30%!" The CNBC host also linked the lack of faith in US debt with younger generations relying on Bitcoin. He outlined: "Well, I think that Bitcoin is where, I was doing a bottle signing for my wife. . . .younger people, they don't wanna talk about stocks. They just talk about how, what a mess this debt is. So we're buying crypto. And one of them said really interesting, which was like, the President is no longer as focused on the market. President's focused on Bitcoin. Now, I think that there have been a series of articles about the President and Bitcoin. Not that complementary. But, it does point out to the fact that he sees more than. . ." To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC's Squawk on the Street aired on May 19th. For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders In Q4 2024: 26 Kohl's Corporation (NYSE:KSS) is somewhat of a regular feature on Cramer's morning show. The CNBC host has blasted the firm's management during some appearances and then expressed remorse for his hard-hitting statements. In his recent comments, Cramer remarked that Kohl's Corporation (NYSE:KSS) was a "disaster" despite trying to do the right thing. His latest remarks came in the context of President Trump warning Walmart that he is closely monitoring the firm for price increases: "The scale. Look, Walmart sells a lot of clothes. So does Kohl's. How does Kohl's make it eight to seven dollars, I mean Kohl's they just had to lose another CEO." Overall, KSS ranks 10th on our list of stocks that Jim Cramer recently discussed. While we acknowledge the potential of KSS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than KSS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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 Wire
15-05-2025
- Business
- Business Wire
Kohl's Corporation Announces Pricing of Private Offering of $360 Million of Senior Secured Notes
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Kohl's Corporation (NYSE: KSS) ('Kohl's') announced today the pricing of its previously announced private offering (the 'Offering') of $360 million aggregate principal amount of 10.000% senior secured notes due 2030 (the 'Notes'). The Notes will be guaranteed by Kohl's subsidiaries. Certain guarantees will be secured by, among other collateral, 11 distribution centers and e-commerce fulfillment facilities, which will be held in a newly-formed holding company. The Offering is expected to close on May 30, 2025, subject to customary closing conditions. Kohl's intends to use the net proceeds from the sale of the Notes in a series of transactions resulting in the repayment of borrowings under its revolving credit facility. Kohl's expects to borrow under its revolving credit facility to repay all of its 4.25% notes due 2025 at maturity. The Notes have not been registered under the Securities Act of 1933, as amended (the 'Securities Act') or any state or other securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. Kohl's offered and will issue the Notes only to persons reasonably believed to be 'qualified institutional buyers' as defined in Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S. The Notes will be subject to restrictions on transferability and resale and may not be transferred or resold except in compliance with the registration requirements of the Securities Act or pursuant to an exemption therefrom and in compliance with other applicable securities laws. This press release shall not constitute an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell, or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful. The Offering was made only by, and pursuant to, the terms set forth in the related offering memorandum. The Offering was not being made to persons in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. ABOUT KOHL'S Kohl's is a leading omnichannel retailer built on a foundation that combines great brands, incredible value and convenience for our customers. Kohl's is uniquely positioned to deliver against its long-term strategy and its purpose to take care of families' realest moments. Kohl's serves millions of families in its more than 1,100 stores in 49 states, online at and through the Kohl's App. With a large national footprint, Kohl's is committed to making a positive impact in the communities it serves. FORWARD-LOOKING STATEMENTS Certain statements in this press release contain or may suggest 'forward-looking' information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties that could cause results to be materially different from expectations. In some cases, you can identify forward-looking statements by terms such as 'may,' 'will,' 'should,' 'could,' 'goal,' 'would,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'project,' 'predict,' 'potential,' 'pursue,' 'going forward,' and similar expressions intended to identify forward-looking statements. Forward-looking statements are based on management's then current views and assumptions and, as a result, are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected, which could be negatively impacted by a number of factors including, but not limited to, those set forth in the Kohl's Annual Report on Form 10-K for the year ended February 1, 2025 and in Kohl's other reports filed from time to time with the U.S. Securities and Exchange Commission. Many of these risk factors are outside of Kohl's control. If Kohl's is not successful in managing these risks, they could have a negative impact on Kohl's financial results and cause its actual results to differ materially from any forward-looking information provided. Kohl's hereby qualifies its forward-looking statements by these cautionary statements. These forward-looking statements relate to the date initially made, and except as required by law, Kohl's assumes no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Yahoo
14-05-2025
- Business
- Yahoo
Is Kohl's Corporation (KSS) the Underperforming Stock Targeted By Short Sellers?
We recently published a list of . In this article, we are going to take a look at where Kohl's Corporation (NYSE:KSS) stands against other underperforming stocks targeted by short sellers. Short interest refers to the percentage of publicly available shares that have been sold short. It is an indicator used by many investors to determine how strong a company's bear thesis may be. Due to the nature of short selling, the short interest has become a popular indicator among investors. The reason it is given so much weightage is that people betting against a stock have usually done solid research and are confident of a company's downfall. They take unlimited risk, so when big investors or the smart money shorts a stock, people take notice. They try to unearth the red flags that may have prompted the high short interest. We decided to dig deeper and try to find out where smart money sees trouble ahead. To come up with our list of 20 underperforming stocks targeted by short sellers, we looked at the worst-performing stocks of the last six months and then ranked them by the short interest. A close-up on a fashionable pair of the company's footwear, the details revealed in sharp focus. Short interest: 41.87% 6 months' performance: -62.94% Kohl's Corporation (NYSE:KSS) is an omnichannel retailer in the United States. The company provides footwear, beauty products, apparel, accessories, and home products. It sells its products under the Apt. 9, Jumping Beans, Croft & Barrow, Sonoma Goods for Life, Tek Gear, and SO brand names. The stock is down 63.17% in the last 6 months, with a short interest of 41.87%. The recent tariffs announcement has significantly raised the risk of a recession As a result, most analysts have become bearish on the stock due to projected demand contraction and high inventory levels. As per the guidance, the management expects a 5% to 7% sales decline in FY 2025. To boost sales, Kohl's Corporation (NYSE:KSS) would need to raise promotions, which is likely to pressure gross margins. However, this guidance was released before the tariff implementation announcement, so it does not include the potential tariff impacts. The company expects gross margin expansion of 30 to 50 bps, which is quite challenging considering the current state of the company and the economy. Overall, KSS ranks 1st on our list of underperforming stocks targeted by short sellers. While we acknowledge the potential of KSS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than KSS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
