Kohl's Reaffirms Decrease of (2%)-(4%) in FY23 Sales, Including The Impact Of The 53rd Week Which Is Worth Approximately 1% Y/Y; Expects Operating Margin Of Approximately 4.0%; Sees EPS Of $2.10-$2.70 Versus Consensus Of $2.38
Portfolio Pulse from Benzinga Newsdesk
Kohl's has reaffirmed its FY23 sales decrease of 2%-4%, including the impact of the 53rd week which is worth approximately 1% Y/Y. The company expects an operating margin of approximately 4.0% and sees EPS of $2.10-$2.70, versus the consensus of $2.38.
August 23, 2023 | 11:06 am
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Kohl's has reaffirmed its FY23 sales decrease of 2%-4%, which includes the impact of the 53rd week. The company expects an operating margin of 4.0% and an EPS of $2.10-$2.70, versus the consensus of $2.38.
The reaffirmation of a decrease in sales for FY23, including the impact of the 53rd week, could negatively impact investor sentiment. The expected EPS is within a wide range, which may introduce uncertainty. The lower end of the EPS forecast is below the consensus, which could lead to negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100