Kohls Corporation (0JRL.L) Q2 2024 Earnings Report

Kohls Corporation reported QQ2 2024 results that reflect a challenging consumer backdrop and a highly levered balance sheet. Revenue declined to $3.732 billion, down 37.34% year over year, while QoQ revenue rose 10.35% to reflect some seasonal improvement from Q1 to Q2. Gross profit reached $1.416 billion, yielding a gross margin of 37.94%, but operating income was $166 million (4.45% margin) and net income was $66 million ($0.59 per share). The year‑over‑year deterioration in profitability was broad across the income statement, with net income down 64.5% YoY, though the quarter showed a notable QoQ inflection in operating profitability and EPS (QoQ EPS growth of 345.8%).