US’ Kohl’s forecasts 5-7% drop in FY25 net sales, lowers EPS outlook

Kohl’s has forecast a 5-7 per cent decline in FY25 net sales, with comparable sales down 4-6 per cent.
FY24 net sales fell 7.2 per cent YoY to $15.4 billion, while Q4 sales dropped 9.4 per cent.
Gross margin improved, but operating income and net income declined.
Kohl’s plans strategic actions to enhance customer experience and drive future growth, according to CEO Ashley Buchanan.