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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (72722)5/24/2023 7:59:55 AM
From: E_K_S  Respond to of 78710
 
RE: KSS +11.78% on earnings

Kohl's Reports First Quarter Fiscal 2023 Financial Results

Kohl’s Corporation (NYSE:KSS) today reported results for the first quarter ended April 29, 2023.

Net sales decreased 3.3% and comparable sales decreased 4.3%
Gross margin increased 67 basis points
Diluted earnings per share of $0.13
Inventory declined 6%
Affirms full year 2023 financial outlook
Remains committed to strengthening balance sheet and to maintaining current dividend

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Other retailers also higher; M +3.9%, JWN +2.98%; AEO +6.93%