Kohl’s Reports First Quarter Fiscal 2021 Financial Results
*First quarter net sales and earnings exceed expectations and company raises full year 2021 financial outlook *First quarter net sales increase 69.5% *First quarter diluted earnings per share of $0.09; adjusted diluted earnings per share(2) of $1.05 *Strengthened financial position during the quarter, reducing long-term debt by over $500 million and ending with $1.6 billion in cash *Raises full year 2021 net sales to increase in the mid-to-high teens percentage range as compared to 2020, operating margin to be in the range of 5.7% to 6.1% and adjusted earnings per share to be in the range of $3.80 to $4.20, excluding any non-recurring charges