Kohl's Corporation reported its financial results for the third quarter of fiscal 2025, with net sales and comparable sales showing a slight decrease.
The company's gross margin improved by 51 basis points, while diluted earnings per share (EPS) reached $0.07 and adjusted diluted EPS stood at $0.10.
Kohl's raised its full-year 2025 financial outlook and announced the appointment of Michael J. Bender as the new CEO.
Financial Performance
Net sales and comparable sales slightly decreased in the third quarter, with a notable improvement in gross margin.
Earnings per Share
Diluted EPS for the quarter reached $0.07, and adjusted diluted EPS was $0.10, reflecting the company's financial performance.
CEO Appointment
Michael J. Bender was appointed as CEO, reinforcing Kohl's leadership team and strategic direction.
- Kohl's reported a decline in net sales and comparable sales for the third quarter, indicating challenges in the retail market.
- The appointment of Michael J. Bender as CEO signals a transition in leadership, with a focus on driving future growth and strategic initiatives.
Kohl's strong performance in the third quarter of fiscal 2025, coupled with the CEO appointment, positions the company for future growth and success in a competitive retail landscape.