Kohl's Corp (KSS) released its first quarter results on Thursday, May 20, 2021. The company reported net earnings of $0.09 per share for the first quarter ending April 30, 2021. Earnings for this past quarter were up 103 percent compared to the same period a year ago.
Kohl's Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin. Kohl's Corporation operates as a retail company in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products.
Kohl's' revenue decreased 5 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 43.53% for the first quarter compared to the same period in the previous year, and operating margins increased to 7.02% over the same period. Net earnings for past trailing twelve months were $392.0 million, up 345% from the prior year.
Moving on to the balance sheet, Kohl's' cash levels dropped 21% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 5.8% this past year. The current ratio for Kohl's now stands at 1.77. The company increased shares outstanding by 1.28%.
Shares of KSS are currently trading around $54.12. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 21.53 and price to book ratio of 1.65.