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Kohl’s Reports a 13.79% Increase in Profit for Q2 Results

By USinMinutes - Aug 28, 2024, 07:01 AM ET
Last Updated - Aug 28, 2024, 07:02 AM EDT
Kohl’s Reports a 13.79% Increase in Profit for Q2 Results

Kohl’s Q2 Revenue Decline of 4.16% Highlights Industry Challenges

Kohl’s Corporation [KSS] reported a net income of $66 million for the second quarter ending on August 3, 2024. This marks a significant increase from the previous quarter's net income of $58 million.

The company, headquartered in Menomonee Falls, Wisconsin, reported to SEC in an 8-K filing $0.59 earnings per share in the quarter, compared to $0.52 in the previous quarter.

Kohl’s, a leading retail company in the industry sector, reported a net sales revenue of $3.525 billion, showcasing a 4.16% decrease from the previous quarter's revenue.

Kohl’s reported a 49.96% decrease in net sales revenue for the current quarter compared to the same quarter in the previous year.

Additionally, the company experienced an 8.33% decrease in net income for the current quarter compared to the same quarter in the previous year.

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