Kohl's Q2 Earnings: Profit Beat, Inventory Decline, Margin Growth And More
Portfolio Pulse from Lekha Gupta
Kohl's Corp (NYSE:KSS) reported a Q2 earnings beat with a net sales decline of 4.2% Y/Y to $3.525 billion. The gross margin expanded, and EPS was $0.59, beating estimates. Inventory decreased by 9% Y/Y. The company raised its FY24 EPS outlook but revised sales growth outlook downward. KSS shares rose 3.83% premarket.
August 28, 2024 | 12:41 pm
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POSITIVE IMPACT
Kohl's reported a Q2 earnings beat with EPS at $0.59, surpassing estimates. Despite a sales decline, margins improved, and inventory decreased. The company raised its FY24 EPS outlook but revised sales growth outlook downward. KSS shares rose 3.83% premarket.
Kohl's beat EPS estimates and improved margins, which is positive for the stock. The raised EPS outlook further supports a positive short-term impact. However, the downward revision in sales growth outlook tempers the enthusiasm slightly.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
WBI Power Factor High Dividend ETF (NYSE:WBIY) provides exposure to Kohl's, which reported a positive Q2 earnings beat. This could positively impact the ETF's performance in the short term.
WBIY holds Kohl's, which reported a positive earnings beat. This could lead to a short-term positive impact on the ETF's performance, although the effect is less direct compared to individual stock performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Invesco S&P SmallCap Value with Momentum ETF (NYSE:XSVM) includes Kohl's, which reported a positive Q2 earnings beat. This could positively impact the ETF's performance in the short term.
XSVM holds Kohl's, which reported a positive earnings beat. This could lead to a short-term positive impact on the ETF's performance, although the effect is less direct compared to individual stock performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50