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Kohls (KSS) Q4 FY2023 earnings: revenue $6.0 billion, down 1.0% on the year

Kohls Corp. (KSS) reported revenue of $6.0 billion for Q4 FY2023, the quarter ended 3 February 2024, down 1.0% on the same quarter a year earlier. Net income was $186 million, and diluted earnings per share $1.67. The figures are the company's own, from the 10-K it filed with the SEC on 21 March 2024.

Revenue$6.0 billiondown 1.0%
Net income$186 million
Diluted EPS$1.67
QuarterQ4 FY2023ended 3 February 2024

The quarter, against the one before and a year earlier

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Revenue5,9564,054n/an/a
Cost of revenue3,8602,349n/an/a
Gross profit2,0961,705n/an/a
Gross margin35.2%42.1%n/a
Selling, general and administrative1,6101,360n/an/a
Operating income299157n/an/a
Operating margin5.0%3.9%n/a
Pre-tax income21768.0n/an/a
Income taxn/a9.0n/an/a
Effective tax raten/a13.2%n/a
Net income18659.0n/an/a
Net margin3.1%1.5%n/a
Diluted EPS$1.67$0.53n/an/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Operating cash flow789151n/an/a
Capital expenditure82.0157n/an/a
Free cash flow707-6.0n/an/a
Free cash flow margin11.9%-0.1%n/a
Cash from investing-71.0-156n/an/a
Cash from financing-725-9.0n/an/a
Depreciation and amortisation187188n/an/a
Share-based compensation11.011.0n/an/a
Dividends paid55.055.0n/an/a
Dividend per sharen/a$0.50n/an/a
Diluted shares, weighted111m111mn/an/a
Shares outstanding at period end111m111mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Shareholders' equity3,8933,751n/an/a
Debt1,6381,638n/an/a
Operating lease liabilities2,7812,780n/an/a
Finance lease liabilities2,2422,270n/an/a
Other liabilities3,4555,028n/an/a
Total liabilities and equity14,00915,467n/an/a
Fixed assets7,7207,861n/an/a
Cash and equivalents183190n/an/a
Inventory2,8804,239n/an/a
Other assets3,2263,177n/an/a
Total assets14,00915,467n/an/a

Questions

What was Kohls' revenue in Q4 FY2023?

Kohls (KSS) reported revenue of $6.0 billion for Q4 FY2023, the quarter ended 3 February 2024, down 1.0% on the same quarter a year earlier.

How much did Kohls earn in Q4 FY2023?

Net income for Q4 FY2023 was $186 million, and diluted earnings per share $1.67.

When did Kohls report Q4 FY2023 results?

Kohls filed its 10-K for the year that ended with the quarter on 21 March 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue4,0545,9563,3823,7323,7105,3973,2333,5463,5755,1733,1673,515
Cost of revenue2,3493,8601,9232,1282,1373,4731,8342,0112,0593,3241,8021,893
Gross profit1,7052,0961,4591,6041,5731,9241,3991,5351,5161,8491,3651,622
Gross margin42%35%43%43%42%36%43%43%42%36%43%46%
SG&A1,3601,6101,2281,2501,2911,5391,1641,1991,2631,4631,1451,188
Operating income15729943.016698.012660.027973.021246.0261
Operating margin4%5%1%4%3%2%2%8%2%4%1%7%
Pre-tax income68.0217-40.080.022.052.0-16.0201-2.0153-17.0198
Tax rate13%n/an/a18%0%8%n/a24%n/a18%n/a24%
Net income59.0186-27.066.022.048.0-15.01538.0126-14.0151
Net margin1%3%-1%2%1%1%-0%4%0%2%-0%4%
Diluted EPS$0.53$1.67-$0.24$0.59$0.20$0.43-$0.13$1.35$0.07$1.07-$0.13$1.28
Operating cash flow151789-7.0254-195596-92.0598124750-74.0552
Capital expenditure15782.012611312899.011090.010864.084.062.0
Free cash flow-6.0707-133141-323497-20250816.0686-158490
Dividends paid55.055.055.056.055.056.014.014.014.014.014.014.0
Shares outstanding111m111m111m111m111m111m112m112m112m112m113m113m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 3 February 2024, filed 21 March 2024, accession 0000950170-24-034691: the filing on EDGAR. All of Kohls Corp.'s filings: EDGAR company page.

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