Kohl’s Reports Second Quarter Fiscal 2021 Financial Results

Highlights:
*Second quarter net sales and earnings exceed expectations and company raises full year 2021 financial outlook
*Second quarter net sales increase 31.4%
*Record second quarter diluted earnings per share of $2.48 and company raises full year 2021 guidance to $5.80 to $6.10
*Strengthened financial position during the quarter, ending with $2.6 billion in cash
*Repurchased $255 million of shares in the quarter and now plans to repurchase $500 million to $700 million of shares in 2021

“Our performance in the second quarter marked another important step in further establishing Kohl’s as the leading destination for the active and casual lifestyle. We delivered record second quarter earnings with sales and margins materially exceeding expectations. As pleased as we are with our ongoing strategic progress, much of our opportunity is still ahead of us. We are on the eve of launching several transformational partnerships that will drive sustainable growth for years to come,” said Michelle Gass, Kohl’s chief executive officer.
details at: https://investors.kohls.com/news-releases/news-details/2021/Kohls-Reports-Second-Quarter-Fiscal-2021-Financial-Results/default.aspx

Related Posts

Popular Science Sees Record Traffic and Newsstand Sales

Popular Science continued to expand its considerable audience reach in June, with an average monthly audience growth of 38% and an increase in unique visitors to PopSci.com of 32% year over year for June. This milestone comes on the heels of Popular Science’s March/April “Water” issue’s star performance on newsstands at 38.3% year over year. The magazine brand’s total audience grew 31.5% year over year, and ranks third among the top ten magazine brands (source: MPA). “I’m extremely proud of the editorial team for all their hard work, which isn’t going unnoticed by Popular Science’s readers,” says Gregory Gatto, Senior Vice President, Managing Director, Bonnier Corporation. “The team has really concentrated on delivering print, digital and social products that are smart, timely, and unique.” Click Read More below for more of the story.

Urban Outfitters Reports Q1-2018 Results

Total Company net sales for the three months ended April 30, 2018, increased 12.4% over the same period last year to a record $856 million. Comparable Retail segment net sales increased 10%, driven by strong, double-digit growth in the digital channel and positive retail store sales. By brand, comparable Retail segment net sales increased 15% at Free People, 10% at the Anthropologie Group and 8% at Urban Outfitters. Wholesale segment net sales increased 13%. Net income for the three months ended April 30, 2018, was $41 million and earnings per diluted share was $0.38. Click Read More below for additional information.
Back To Top
×Close search
Search