Kohl’s reports Q4 adjusted EPS ($2.49), consensus 98c

Reports Q4 revenue $5.78B, consensus $5.98B. Reports Q4 comparable sales down 6.6%. Tom Kingsbury, Kohl’s chief executive officer, stated, "Kohl’s fourth quarter results reflect meaningful proactive measures we took to better position the business for 2023, as well as sales pressure driven by the ongoing persistent inflationary environment. Kohl’s has a solid foundation and a highly motivated team with a set of priorities to capitalize on what I see as a substantial opportunity to make a difference in the retail landscape."