Earnings

Kohl’s (KSS) earnings Q4 2020 beat

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Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California.

Justin Sullivan | Getty Images News | Getty Images

Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts’ estimates, and pointed to stronger growth in 2021.

Facing pressure from activist investors, the company said it will reinstate its dividend and buy back shares.

With its sales strained by the pandemic, Kohl’s has been working to drive more shoppers online, and add brands that sell fitness gear and makeup to lure new customers.

“After an extraordinary year managing through the pandemic, we ended the year in a very solid financial position, and we enter 2021 with strong momentum,”…



Source cnbc.com

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