Table of Contents :
• Stock Rating & Target Price
• Investment Thesis
• Fundamental Models Used
• Company Description
• Corporate Timeline
• Key Metrics (KPI ) and Recently Reported Earnings Review
• Business Highlights, Strategic Announcements & Outlook
• Quarter-over-Quarter (Q-o-Q) and Year-over-Year (Y-o-Y) Growth Analysis
• Key Catalysts Driving Growth
• Historical Financial Statement Analysis & CAGR Trends
• Quarterly Key Financial Ratios and Performance Metrics
• Annual Financial Performance Analysis: Horizontal and Vertical Financial Analysis, Trends
• Financial Forecasts
• Annual Forecasts: Income Statement
• Annual Forecasts: Cash Flow Statements
• Net Debt Levels
• A Closer Look at DCF: Our Assumptions and Methodology
• Terminal Value Calculation
• Target Price Analysis
• Valuation Multiples
• Supplementary Valuation Analysis: Multiples Approach
• Scenario/Sensitivity Analysis – Base Case , Bull Case ,Bear Case
• Holistic Peer Review & Trading Comps: Financial Data, Operational Metrics, and Valuation Multiples
• Implied Price Per Share
• Ownership Activity/ Insider Trades
• Ownership Summary
• An analysis of ESG Risk Rating
• Key Professionals
• Key Board Members
• Key Risks Considerations
• Analyst Ratings
• Analyst Industry Views
• Disclosures
Kohl’s (KSS) Turnaround Effort: A Necessary Reset or Too Little, Too Late? Evaluating missteps, pivots, and the drivers to revenue stabilization!
Kohl’s remains entrenched in a prolonged downturn, with FY24 comparable sales down 6.7% and 2025 guidance forecasting a further 4–6% decline, signaling continued erosion in store traffic and category relevance. Full-year adjusted EPS collapsed to $1.50 from $2.85 in 2023, with 2025 guidance for just $0.10–$0.60 reinforcing the view that Kohl’s struggles to generate operating leverage as revenue contracts. Sephora is the lone bright spot, with 13% comp growth and ~$1.8B in annual sales, but its impact is dwarfed by double-digit declines in apparel, Kohl’s core category. The decision to reverse prior product cuts in jewelry and women’s apparel underscores past missteps, while renewed promotional efforts aim to win back price-sensitive shoppers alienated by tightened exclusions. Margin pressures remain acute, with inflation, tariffs, and category mix shifts offsetting cost-cutting progress. Leadership uncertainty adds to execution risk, with new CEO Ashley Buchanan emphasizing merchandising and operational improvements, yet confidence in a sales recovery remains low. Kohl’s retains strong real estate value and brand equity, but absent a return to at least 1–2% comp growth, profitability will remain under siege. Is Kohl’s course correction enough to stop the slide, or does the structural weakness in its core categories signal deeper troubles ahead?
