Home Business Kohl’s (KSS) earnings Q4 2020 beat

Kohl’s (KSS) earnings Q4 2020 beat

by admin


Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California.

Justin Sullivan | Getty Images News | Getty Images

Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts’ estimates, and pointed to stronger growth in 2021.

Its shares jumped nearly 2% in premarket trading.

Here’s how the company did during the quarter ended Jan. 30 compared with what analysts were expecting, using a Refinitiv survey:

  • Earnings per share: $2.22 adjusted vs. $1.01 expected
  • Revenue: $5.88 billion vs. $5.86 billion expected

Kohl’s reported net income of $343 million, or $2.20 per share, compared with $265 million, or $1.72 a share, a year earlier. Excluding one-time charges, the company earned $2.22 per share, topping the $1.01 forecast by analysts.

Kohl’s shares are up about 45% over the past 12 months, as of Monday’s market close. The retailer has a market cap of $8.99 billion, which has grown to be bigger than Nordstrom‘s and Macy’s.

This story is developing. Please check back for updates.

Find the full press release from Kohl’s here.

Source link

Spread the love

related posts