Company Overview of Kohl's Corp.
Kohl’s Corporation operates department stores in the United States. It offers exclusive and national brand apparel, footwear, accessories, beauty, and soft home products to children, men, and women customers. As of February 1, 2014, it operated 1,158 family-oriented department stores and a Website, Kohls.com. Kohl’s Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.
N56 W17000 Ridgewood Drive
Menomonee Falls, WI 53051
Founded in 1962
Key Executives for Kohl's Corp.
Total Annual Compensation: $1.3M
Chief Financial Officer
Total Annual Compensation: $830.3K
Chief Customer Officer
Total Annual Compensation: $1.9M
Senior Executive Vice President of Human Resources
Total Annual Compensation: $826.5K
Compensation as of Fiscal Year 2013.
Kohl's Corp. Key Developments
Kohl's Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Declares Quarter Dividend on Common Stock, Payable on December 24, 2014
Nov 13 14
Kohl's Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported net sales of USD 4,374 million compared to USD 4,444 million a year ago. Operating income was USD 304 million compared to USD 365 million a year ago. Income before income taxes was USD 219 million compared to USD 281 million a year ago. Net income was USD 142 million compared to USD 177 million a year ago. Diluted net income per share was USD 0.70 compared to USD 0.81 a year ago.
For the nine months, the company reported net sales of USD 12,686 million compared to USD 12,932 million a year ago. Operating income was USD 1,035 million compared to USD 1,133 million a year ago. Income before income taxes was USD 780 million compared to USD 882 million a year ago. Net income was USD 498 million compared to USD 555 million a year ago. Diluted net income per share was USD 2.43 compared to USD 2.51 a year ago. Net cash provided by operating activities were USD 930 million compared to USD 1,014 million a year ago. Acquisition of property and equipment was USD 561 million compared to USD 465 million a year ago.
On November 12, 2014, the Board of Directors of the company declared a quarterly cash dividend on the company's common stock of USD 0.39 per share. The dividend is payable on December 24, 2014 to shareholders of record at the close of business on December 10, 2014.
Kohl's Seeks Acquisitions
Oct 29 14
Kohl's Corp. (NYSE:KSS) expect to generate an operating cash flow roughly $2 billion per year. It will use to finance expenses, give increased dividend to shareholders, share repurchases and for targeted acquisitions.
Kohl's Corporation Provides Sales Guidance for the Third Quarter of 2014 and Revises Earnings Guidance for the Fiscal Year 2014
Oct 27 14
Kohl's Corporation provided sales guidance for the third quarter of 2014 and revises earnings guidance for the fiscal year 2014. The company expects comparable sales to decrease 1.4% in the third quarter. October sales have been softer than the balance of the quarter. Geographically, the company expects sales to be consistent across all regions. E-Commerce sales are expected to increase over 30%.
For the fiscal year, based on actual sales to date, the company expects its 2014 diluted earnings per share to be at the low end of its prior guidance, which was previously $4.05 - $4.45 per diluted share.
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