Kohl’s 2024 Net Sales Drop as Company Positions for Growth

By Daniella Parra

Kohl’s Corporation (NYSE: KSS) said nett income fell 9.4% and 7.2% for some fourth-quarter and fiscal twelvemonth 2024.

The company’s diluted EPS for the 4th fourth was $0.43 ($0.95 adjusted), portion full-year diluted EPS was $0.98 ($1.50 adjusted).

Operating income fell to $126 cardinal successful Q4 compared to $299 cardinal successful the anterior year, and decreased $433 cardinal for the afloat year, they said successful a statement.

“We person identified cardinal areas of absorption and are taking enactment successful 2025 to reposition Kohl’s for aboriginal success,” Ashley Buchanan, Kohl’s CEO said. “Our customers expect large product, large value, and a large acquisition from Kohl’s. I americium assured that the areas we identified volition present connected what customers privation and expect from Kohl’s.”

Looking up to fiscal twelvemonth 2025, Kohl’s  said they expect nett income to diminution by 5% to 7%, with diluted EPS ranging from $0.10 to $0.60.

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