Categories AlphaGraphs, Earnings, Retail
Earnings: Kohl’s (KSS) Q3 2022 profit and revenue beat estimates
Department store chain Kohl’s Corp. (NYSE: KSS) on Thursday reported a decline in third-quarter adjusted earnings and revenues. However, the results exceeded expectations.
Third-quarter earnings, adjusted for special items, dropped to $0.82 per share from $1.65 per share in the same period of last year. But the latest number came in above the market’s projection. Unadjusted net income was $97 million or $0.82 per share, compared to $243 million or $1.65 per share in the third quarter of 2021.
The weak bottom-line performance reflects a 7% year-over-year decrease in revenues to $4.28 billion. But it is above the market’s expectations. Third-quarter comparable sales dropped 6.9% and net sales decreased by 7.2%.
Check this space to read management/analysts’ comments on Kohl’s Q3 results
Meanwhile, the company’s board of directors has formed a search committee to oversee the search for a new CEO, while Tom Kingsbury has agreed to serve as Interim CEO during the transition period.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and
