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Kohl's Earnings Beat Despite Sales Dip | Milwaukee News
Kohl’s dips slightly in sales but nails earnings expectations, proving their strategy is holding strong despite economic headwinds. Net sales fell just under 1% to $3.3 billion, but profits soared to $151 million—beating forecasts. The CEO credits smart reinvestment: lowering prices, optimizing inventory, and boosting in-house brands. Digital sales rose nearly 3%, Kohl’s Card usage climbed 1%, and juniors’ clothing surged 10%. While Sephora’s performance dipped 4% due to expanded distribution, accessories grew mid-single digits thanks to jewelry returns. Big moves ahead: a $100M stock buyback…
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