Kohl's Surpasses Earnings Expectations, Partners with Babies“R”Us

Kohl's announces a strategic partnership with Babies“R”Us to open branded shops in 200 stores, following a strong fiscal quarter.

Kohl's reports a significant earnings beat with a Q4 profit of $186 million, surpassing analyst projections.
The retailer announces a partnership with Babies“R”Us, planning to open branded shops in 200 stores by fall 2024.
The new Babies“R”Us shops will offer a range of baby products and will be placed next to Kohl's existing baby section.
Kohl's CEO credits partnerships and inventory management for the company's strong quarter, marking its best comparable sales performance since 2010.
For the 2024 fiscal year, Kohl's forecasts net sales to range from a 1% decrease to a 1% increase, with EPS expected between $2.10 and $2.70.