Kohl’s Reports Third Quarter Fiscal 2022 Financial Results

*Third quarter comparable sales decrease 6.9% and net sales decrease 7.2%
*Third quarter diluted earnings per share of $0.82
*Kohl’s Board has formed search committee to oversee the search for a new CEO while Tom Kingsbury has agreed to serve as Interim CEO during the transition period

“The Kohl’s Board is focused on supporting the management team during this CEO transition period, as well as the Board’s search committee in its pursuit of finding the next CEO to lead Kohl’s. We look forward to partnering with Interim CEO Tom Kingsbury and the entire leadership team to execute at the highest level this holiday season, while also capitalizing on opportunities to strengthen the business. Kohl’s is a great company with extremely bright prospects and I am confident we will find the right candidate to successfully position Kohl’s to drive sales, grow earnings and create shareholder value. On behalf of the Board, I want to thank all of our associates for their dedication and hard work,” said Peter Boneparth, Kohl’s Independent Board Chair.
details at: https://investors.kohls.com/news-releases/news-details/2022/Kohls-Reports-Third-Quarter-Fiscal-2022-Financial-Results/default.aspx

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