Company news: Kohl's (KSS) posts mixed quarterly results

Kohl's (KSS) reported Q2 FY2024 earnings of $0.59 per share (versus $0.44 per share in Q2 FY2023), beating analysts’ consensus estimate of $0.52 per share.

The company’s quarterly revenues amounted to $3.525 bln (-4.2% y/y), missing analysts’ consensus estimate of $3.690 bln.

The company also issued upside guidance for FY2024, seeing EPS of $1.75-$2.25 versus analysts’ consensus estimate of $1.56 and revenues decreasing 4-6% y/y, which equates to $16.43-$16.78 bln versus analysts’ consensus estimate of $16.05 bln.

KSS rose to $20.40 (+4.08%) in pre-market trading.