Kohl's Q1 Gross Margin As A Percentage Of Net Sales Was 39%, Up 67 bps YoY
Portfolio Pulse from Benzinga Newsdesk
Kohl's reported a Q1 gross margin of 39%, up 67 basis points YoY, indicating an improvement in profitability.
May 24, 2023 | 11:03 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Kohl's Q1 gross margin increased by 67 basis points YoY to 39%, reflecting improved profitability.
Kohl's reported an increase in its Q1 gross margin, which is a key indicator of profitability. A higher gross margin suggests that the company is generating more profit from its sales. This positive news is likely to have a short-term positive impact on Kohl's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100