Kohl’s has reported Q2 2019 results for the period ended on August 03, 2019.

Q2 2019 Highlights:

Net sales for Q2 2019 were down 3.1% to USD4,430 million as compared with USD4,570 million for the same period prior year.

  • Comparable store sales declined 2.9%. 
  • Operating income totaled USD376 million compared with USD452 million during same period in the previous year.
  • Gross margin declined 72 basis points (bps) to 38.8% from 39.5% during same period in the previous year.
  • Net income declined 17% to USD241 million as compared with USD292 million during same period in the previous year.

YTD 2019 Highlights:

Net sales for YTD 2019 were down 3.0% to USD8,517 million as compared with USD8,778 million for the same period prior year.

  • Comparable store sales declined 3.2%.
  • Operating income totaled USD494 million compared with USD662 million during same period in the previous year.
  • Gross margin declined 41 basis points (bps) to 37.9% from 38.3% during same period in the previous year.
  • Net income declined 18% to USD303 million as compared with USD368 million during same period in the previous year.

Source: Kohl's PR