Kohl’s Corporation Reports Net Income of $58 Million for Q2 2023
Company Generates $3.9 Billion in Total Revenue During the Quarter
Kohl’s Corporation,(KSS) a leading retail chain, has released its financial results for the second quarter of 2023. The company reported a net income of $58 million for the quarter, showcasing a decrease from the net income of $143 million in the same period last year. The company's total revenue for the quarter stood at $3.9 billion, indicating a decline compared to the $4.1 billion generated in the second quarter of 2022.
Net Income and Earnings Per Share
Kohl’s Corporation faced a notable change in its net income for the second quarter of 2023. The net income of $58 million, or $0.52 per diluted share, demonstrates a significant decrease when contrasted with the net income of $143 million, or $1.11 per diluted share, achieved during the same period last year. The decrease in net income reflects the company's ongoing efforts to navigate challenges in the retail landscape.
Revenue Performance
