call. earnings and you, to Thank quarter Mark. Kohl’s welcome first conference Good morning,
XXXX to earnings strong pleased We exceeding expectations. are our with materially and both very start with sales
capitalized strategic by favorable earnings continue spending and significant management. during traction disciplined we growth backdrop strong on a to and driven customers, and were expansion Adjusted sales margin net key Our XX%, consumer of $X.XX, period. initiatives gross gain expense per share resonate with the
further debt We improving we our strengthened financial our position, reducing also our resumed profile, and and to capital overall leverage returning shareholders.
our are the most retailer in of making shown vision improvement partnerships and new our becoming for last in We lifestyle. year. strategic have important sequential we remained We have momentum. a choice big strategy the track achieving firmly progress this pursuit to accelerate on we’ll will significant several launching and Since strong of our goals, casual our active October, announced forward on that step performance XXXX strategic our trusted and take our
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Let our performance. me by quarter start on first touching
our sales March same period board. expectations our the we majority XXXX. store our upside. an to more last combined strengthened through the exceeded compared As and as Sales which the year-over-year as and We period the I strategy than traction positive total results visits year’s indicated, move as in a sales closures. acceleration of lapping quarter contributed with against sales QX in continued doubled across to due Store progressed, experienced April customer
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and we momentum summary, in a look So as business clear have had first great quarter ahead. we
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more of excited significant relevancy we This into transition Kohl’s year’s we of pandemic. beauty apparel more normalcy following a incremental regarding and are the partnership upcoming couldn’t expected is season In last We impacted drive to be a building sales customer ahead, recovery back-to-school customer leading at fuel their and return about. driving ahead by for our destination now season this anticipate Sephora nice lives. more important with demand well as will the by peak business, we normal to to transform seeing launch we Looking are new will was daily to back-to-school like inventory week. well positioned materially consumers Kohl’s, a and acquisition. I’d year that season the summary, in which our
than As Sephora we will offer more brands, exclusive to we and prestige many at XXX beauty will shared which be month, Kohl’s. of Sephora last
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our during Calvin certain cross-selling to to shop earnings look We in Kohl’s brands also more at Sephora on the the categories Klein positioning launch forward capitalize around such as We active next in are on like opportunities. call August. sharing
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other and improving efforts our presentation. merchandising of Some clarity the include
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be presence recently We the we and fully to as expect And more off-mall improve competitive to fitting to as stores our convenient customers also more our more to experience return continue reopens, in reopened advantage. country just the stores. a rooms shopping
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embedding improve continued overall We further experience personalization. the while site to
with been app. use customers especially have the We momentum with seeing Kohl’s we’re pleased the of
digital And app rates. of and one-third quarter, the During driven provide first growth omnichannel improved we sales, for strong an the user industry-leading conversion double-digit continue by experience. to accounted
year provided During slightly digital pickup for fulfilling of foundational up increased quarter, customer sales, XX% full the the to sales with last which our first as stores nearly period. support was stores growth, opened our to
on and and is Our is while inspiration the Kohl’s us compelling discovery Kohl’s in had that delivering shared our iconic opportunity recognized and final continue platform value. Card shoppers. importance customers, tailored In new to our leading an customers. through want clear of also providing create past research, quarters a enable or we our how providing we thing to Cash, I leader value will to we compelling to convenience, omnichannel loyalty ease touch The our by to deliver as inviting through that’s credit customer Kohl’s especially Kohl’s that value, an to understood program. whether discovered improve is Rewards experience program
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it hand my summarize I to today. Before off let me Jill, comments
As of evident pleased with significant underway presents. seeing momentum. the build strategic today’s I’m optimistic business ahead even results, in benefits is Much we with see from the initiatives, future our to of our to about are still are more impact work what And we our us. continue
and and for set are strategic and In goals. promising firmly country. we a possible closing, remain We without our XXXX multi-year profits outlook be our incredible our with continue improvement the efforts in strong associates of sales believe wouldn’t the results across to track on up
an to call over and commitment in that, now has and way paved the guidance. ongoing Jill our who marketplace our the for on bright details the exciting has and financial strategy will Your With to strengthened and our future. differentiated results updated Kohl’s, turn positioning and I’ll provide our further customers
