3 Takeaways From Kohl's Q3 Earnings
Last week, Kohl's (NYSE: KSS) reported third-quarter adjusted earnings per share of $0.01 on revenue of $3.98 billion, above consensus expectations of a loss of $0.43 per share on revenue of $3.9 billion. Net sales declined 13.3% during the third quarter, up from a decrease of 22.9% in the second quarter.
Like many large retailers, Kohl's saw a partial recovery in its revenue in the third quarter following a very challenging second quarter due to COVID-19. The consumer discretionary company is also seeing improvements sequentially. August's performance was hurt by weaker back-to-school sales due to COVID-19, but September and October saw improvements, driven by better sales in the home and toy segments.
So that's a rundown of the top-tier details from Q3's earnings. Let's go a bit deeper into the details released and develop three takeaways from Kohl's latest earnings report.
Source Fool.com
