Kohl's Q2 2024 GAAP EPS $0.59 Beats $0.44 Estimate, Sales $3.732B Beat $3.583B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kohl's reported Q2 2024 earnings per share of $0.59, surpassing the analyst estimate of $0.44. Sales reached $3.732 billion, exceeding the expected $3.583 billion, despite a 4.18% decrease from the previous year.
August 28, 2024 | 11:00 am
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Kohl's Q2 2024 earnings per share of $0.59 beat the analyst estimate of $0.44, and sales of $3.732 billion exceeded the expected $3.583 billion. However, sales decreased by 4.18% compared to the same period last year.
Kohl's exceeded both EPS and sales estimates, which is typically positive for stock prices. However, the year-over-year sales decline may temper enthusiasm. Overall, the earnings beat is likely to have a positive short-term impact on KSS stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100