Kohl's Is Primed for a Rebound After a Solid Fiscal Q4
Kohl's (NYSE: KSS) recovery from the depths of the COVID-19 pandemic continued in the final quarter of its fiscal 2020. Last week, the department store giant officially reported that sales and earnings trends both improved significantly in its fiscal fourth quarter compared to the rest of the year.
To be sure, Kohl's key business metrics remain well below their pre-pandemic levels. However, this sequential progress -- and some promising initiatives in the pipeline -- have put the company on track to make a full recovery and potentially even surpass its pre-pandemic earnings power within a few years.
For the period that ended Jan. 20, Kohl's revenue declined 10.1% year over year to $6.14 billion. This marked a solid improvement compared to the company's 14% revenue decline in its fiscal third quarter, not to mention the 31.5% plunge in its revenue during the first half of its fiscal year.
Source Fool.com
