Division retailer chain Kohl’s Company (NYSE: KSS) reported a pointy fall in internet earnings for the fourth quarter of 2024, damage by a lower in gross sales.
Web gross sales declined 9.4% year-over-year to $5.18 billion within the closing three months of fiscal 2024. Comparable retailer gross sales dropped 6.7% within the fourth quarter.
Web earnings for the January quarter was $48 million or $0.43 per share, in comparison with $186 million or $1.67 per share within the year-ago quarter. For fiscal 2025, the administration expects internet gross sales to lower by 5-7%. Full-year earnings per share are anticipated to be within the vary of $0.10 to $0.60.