US’ Kohl’s net sales decrease 8.8% YoY to $3.5 bn in Q3 FY24

Kohl’s has registered net sales of $3.5 billion in Q3 FY24, which decreased by 8.8 per cent YoY, with a 9.3 per cent YoY drop in comparable sales.
The net income of the company declined to $22 million YoY from $59 million.
For 9M FY24, net sales dropped 6.1 per cent YoY to $10.2 billion, and net income was $61 million.
FY24 sales are expected to decline 7-8 per cent.