Kohl's reports Q4 per share earnings of 2.20 dollars

Kohl’s Corporation’s fourth quarter diluted earnings per share were 2.20 dollars compared to 1.72 dollars and adjusted diluted earnings per share were 2.22 dollars compared to 1.99 dollars per share in the previous year’s fourth quarter, including 1.15 dollars per share of incremental tax benefit driven by tax planning strategies. Net income increased to 343 million dollars. The company reported total revenue of 6,141 million dollars, down 10.1 percent, while full year revenue of 15,955 million dollars, decreased 20.1 percent.

“After an extraordinary year managing through the pandemic, we ended the year in a very solid financial position, and we enter 2021 with strong momentum. We are pleased with the progress we are making against our strategic initiatives and we are set up to deliver a multi-year improvement in sales and operating margin,” said Michelle Gass, Kohl’s chief executive officer in a statement.

The company currently expects full year 2021 net sales to increase in the mid-teens percentage range as compared to the prior year, operating margin to be in the range of 4.5 percent to 5 percent, and earnings per share to be in the range of 2.45 dollars to 2.95 dollars, excluding any non-recurring charges.