Kohl’s Reports Q1 Decline but Sees Early Progress in Beauty and Personal Care Strategy
Kohl’s Corporation reported a 4.1% drop in net sales and a 3.9% decline in comparable sales for the first quarter of fiscal 2025, but delivered a narrowed net loss and reaffirmed its full-year outlook. The post Kohl’s Reports Q1 Decline but Sees Early Progress in Beauty and Personal Care Strategy appeared first on Global Cosmetics News.
THE WHAT? Kohl’s Corporation reported a 4.1% drop in net sales and a 3.9% decline in comparable sales for the first quarter of fiscal 2025, but delivered a narrowed net loss and reaffirmed its full-year outlook. The retailer emphasized progress in its efforts to enhance product offerings and customer experience, with Interim CEO Michael Bender highlighting early positive signs.
THE DETAILS For the quarter ended May 3, 2025, Kohl’s recorded net sales of US$3 billion and improved gross margin by 37 basis points, while SG&A expenses dropped 5.2% year-over-year. Operating income rose to US$60 million from US$43 million last year, and diluted loss per share improved to (US$0.13) from (US$0.24). Despite a 2% year-over-year inventory increase, Kohl’s remains focused on cost discipline and capital management, declaring a quarterly dividend of US$0.125 per share.
THE WHY? While sales slipped, Kohl’s beauty and personal care segments are seen as critical levers for growth, as the retailer continues refining assortments and strengthening its value proposition. The company is leaning on its expansive store network and loyal customer base to drive improvements, and leadership remains confident in navigating the current retail landscape, emphasizing the importance of delivering compelling products and experiences across categories, including beauty.
Source: businesswire
The post Kohl’s Reports Q1 Decline but Sees Early Progress in Beauty and Personal Care Strategy appeared first on Global Cosmetics News.
