Kohl's shares dropped as Q1 FY24 earnings fell short. Sales declined by 5.3% to $3.178 billion, missing the $3.335 billion estimate. Comparable sales dipped 4.4%, and EPS of $(0.24) missed the $0.03 consensus. The company slashed its FY24 sales growth outlook to a decline of (2%) - (4%), with EPS guidance lowered to $1.25 - $1.85.
Best Buy reported better than expected earnings and a dividend of $0.94 per share. For fiscal 2025, they anticipate a decline in sales and operating income.
Updated 2024 Financial and Capital Allocation Outlook
For the full year 2024, which has 52 weeks compared to 53 weeks in full year 2023, the Company's guidance includes the potential impact from
Updated 2024 Financial and Capital Allocation Outlook
For the full year 2024, which has 52 weeks compared to 53 weeks in full year 2023, the Company's guidance includes the potential impact from credit card late fee
024 Outlook
The Company reaffirms its fiscal 2024 outlook with expectations of delivering growth in total revenues and pre-tax income compared to our 53-week fiscal 2023:
Total revenue growth on a