Kohl’s Corporation (NYSE: KSS) reported disappointing financial results for fiscal year 2024 and issued a weak outlook for 2025, sending its stock lower on Tuesday. The company posted declines in both net sales and comparable sales for the fourth quarter and full year, while earnings per share (EPS) came in well below the prior year.
For the quarter ending Feb. 1, net sales fell 9.4 percent to $5.2 billion. Comparable sales, which measure performance at stores open at least a year, dropped 6.7 percent. While the company’s gross margin improved slightly to 32.9 percent, operating income plummeted to $126 million from $299 million a year earlier.
