Kohl's Corporation (NYSE:KSS) released its first quarter fiscal 2025 financial results, indicating a 4.1% decrease in net sales and a 3.9% decrease in comparable sales compared to the same period in 2024. The company reported a gross margin increase of 37 basis points and a decrease in selling, general, and administrative expenses by 5.2% year-over-year. Operating income increased to $60 million from $43 million in the prior year, representing a 58 basis points increase as a percentage of total revenue. However, the company reported a net loss of $15 million, or ($0.13) per diluted share, compared to a net loss of $27 million, or ($0.24) per diluted share in the previous year.
Inventory increased by 2% year-over-year, reaching $3.1 billion, and operating cash flow was a use of $92 million. Looking ahead, Kohl's expects a decrease in net sales and comparable sales in the range of (5%) to (7%) and (4%) to (6%) respectively for the full year 2025. The company also affirms an operating margin in the range of 2.2% to 2.6% and diluted EPS in the range of $0.10 to $0.60. Additionally, the board of directors declared a quarterly cash dividend on the company’s common stock of $0.125 per share, payable on June 25, 2025, to shareholders of record at the close of business on June 11, 2025. Following these announcements, the company's shares moved 2.4%, and are now trading at a price of $8.10. If you want to know more, read the company's complete 8-K report here.
