Kohls Corp Stock Price, News & Analysis

Kohl's (NYSE:KSS) reported its Q4 and full-year fiscal 2024 results, showing significant sales declines. Fourth quarter net sales decreased 9.4% to $5.2 billion, with comparable sales down 6.7%. Q4 diluted EPS was $0.43, with adjusted EPS of $0.95.

For the full fiscal year 2024, net sales declined 7.2% to $15.4 billion, with comparable sales dropping 6.5%. The company reported annual diluted EPS of $0.98 and adjusted EPS of $1.50, compared to $2.85 in the previous year. Operating income fell to $433 million from $717 million.

Looking ahead to 2025, Kohl's expects:

• Net sales to decrease 5-7%
• Comparable sales to decline 4-6%
• Operating margin between 2.2-2.6%
• Diluted EPS range of $0.10-$0.60

Kohl's (NYSE: KSS) announced donations exceeding $1 million in grants to more than 40 nonprofits nationwide through the Kohl's Cares® National Giveback Initiative, focusing on family health and wellness. Each nonprofit will receive a $25,000 grant. The funding comes from Kohl's Cares Goods for Good™ program, which has donated over $30 million since 2018 through sales of children's books and toys. Additionally, Kohl's announced $500,000 in donations to Milwaukee and Waukesha counties nonprofits and $400,000 through the Shopping Grant program to over 200 nonprofits nationwide.

Kohl’s (NYSE: KSS) is launching its new Giveaway Saturday events this December, offering customers a chance to have their cart paid for each Saturday leading up to Christmas. Starting December 7, and continuing on December 14 and 21, four lucky customers at each of Kohl’s over 1,100 stores will have their cart paid for, totaling more than 10,000 carts this holiday season.

Kohl’s will also introduce a Daily Gift Drop with a new featured product each day from December 3 to December 24, alongside Super Saturday Deals with up to 50% off select items. Additionally, shoppers can earn Kohl’s Cash every day until December 24, with special discounts for Kohl’s Card users and Rewards members.

On December 7, early shoppers will receive a Kohl’s Cash ornament with any purchase. Kohl’s is also extending store hours from December 20 to December 23, and on Christmas Eve for customer convenience.

Kohl's (NYSE:KSS) reported disappointing Q3 2024 results with net sales decreasing 8.8% to $3.5 billion and comparable sales declining 9.3%. Despite strong performance in Sephora, home decor, gifting, and the new Babies 'R' Us shops, core business declines persisted. Earnings per share fell to $0.20 from $0.53 year-over-year. The company updated its full-year outlook, now expecting net sales to decrease 7-8% and EPS between $1.20-$1.50. CEO Tom Kingsbury will step down effective January 15, 2025, to be succeeded by Ashley Buchanan.

Kohl's (NYSE: KSS) announced a CEO transition, with Ashley Buchanan appointed as the new Chief Executive Officer effective January 15, replacing Tom Kingsbury. Kingsbury will remain in an advisory role and retain his Board seat until his retirement in May 2025. Buchanan joins from Michaels Companies, where he served as CEO since 2020, previously holding senior executive positions at Walmart and Sam's Club. During his tenure at Michaels, Buchanan improved profitability, expanded digital business, and enhanced store operations. The transition comes as Kohl's continues its transformation to elevate its product portfolio, enhance store experience, and improve financial health.

Kohl's (NYSE: KSS) announced donations totaling over $500,000 to more than 25 nonprofits in Milwaukee and Waukesha counties through its Kohl's Cares Hometown Giving Program. The grants, ranging from $5,000 to $25,000, support family health and wellness initiatives. The program, launched in 2017, has contributed over $3.5 million to more than 150 nonprofits. Funding comes from Kohl's Cares Goods for Good® merchandise sales, with 100% of net profits going to nonprofits nationwide. Kohl's has invested over $160 million in Milwaukee area nonprofits through various community programs.

Kohl's (NYSE:KSS) has announced its regular quarterly dividend of $0.50 per share on common stock. The dividend will be paid on December 24, 2024, to shareholders of record as of December 11, 2024. Kohl's operates as an omnichannel retailer with over 1,100 stores across 49 states, serving millions of families through its physical locations, Kohls.com, and the Kohl's App.

Kohl's (NYSE: KSS) launches its Black Friday savings with a three-day Early Access event from November 8-10, offering significant discounts including 70% off select fine jewelry, 50% off toys, and up to 50% off beauty brands. The company announced its Black Friday Week will run from November 24-29, with stores closed on Thanksgiving and opening at 5 a.m. on Black Friday. Customers can earn $15 Kohl's Cash for every $50 spent during specific periods and take 15% off qualifying purchases. The company is also running a Black Friday Sweepstakes with over $1 million in prizes for the first 200 customers at each store on Black Friday.

Kohl's (NYSE: KSS) has unveiled its Top Toys List for the 2024 holiday season, featuring popular brands like Barbie, LEGO, and Nerf. The retailer is offering toys starting at $5.99, with thousands of options under $20, catering to various budgets. Kohl's Top 20 Holiday Toys include exclusive items like the Step2 Shopping Cart and Potato Head Super Spud. The company is also hosting a LEGO Extravaganza event from Sept. 23 to Oct. 6, offering 20% off select LEGO merchandise and additional savings for Kohl's Rewards members. The toy assortment covers various categories, including tech, arts and crafts, outdoor, games, and licensed toys from popular franchises.