Kohl's Reports Fourth Quarter and Full Year 2022 Results; Provides 2023 Outlook
Overall Financial Performance
Kohl's Corporation (NYSE: KSS) today reported its financial results for the fourth quarter and full year ended January 28, 2023.
Key Highlights:
- Fourth quarter net sales decreased 7.2%, and comparable sales decreased 6.6%.
- Fourth quarter diluted loss per share was $2.49.
- Full year net sales decreased 5.2%, and comparable sales decreased 7.1%.
- Full year diluted loss per share was $3.90.
Strategic Priorities
Kohl's strategy is focused on delivering long-term shareholder value. To achieve this, the Company has established four overarching priorities to drive improved sales and profitability:
- Elevate the customer experience.
- Optimize the omnichannel ecosystem.
- Enhance owned and operated brands. li>Improve cost structure and asset efficiency.
Investor Information
Kohl's is committed to providing accurate and timely information to investors. For more information, please visit the Company's investor relations website at investors.kohls.com.
Conclusion
Kohl's remains focused on executing its long-term strategy and delivering value to shareholders. The Company's financial performance in the fourth quarter and full year 2022 reflects the challenging retail environment and the impact of macroeconomic factors. However, Kohl's is confident in its ability to navigate these challenges and emerge as a stronger company in the future.
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