and Good to first conference Kohl’s morning Mark. welcome Thank you, quarter earnings call.
strategy, and want this much results Before acknowledge details quarter. context long-term I past QX we on share of broader to the
our for sharing shareholders that is have that our management Board all we voted with want Board our last we thank overseeing its important openly of has ensure them and and process, mind. of interest directors. retain the our seriously. speculation. run to amount the to that the successful been transformation attention engage feedback to center to meeting best at team, to company of this XX note, with fulfilling This Over week, At sale shareholders’ unusual the to of On Through pleased to past each Board want the our months, responsibility fiduciary shareholder shareholders. I an and committed the the we maximize were very shareholders to Kohl’s process X of value. in continue opportunity which frequently and will annual take
We continue to parties. with engage interested multiple
the described, are financed they have specific process binding we to point, the our bids due in submission we fully the actionable for this procedures As coming to weeks. proposals. of prepare multiple working have in formally At parties communicated the
with plan. are recognize number We diligence detailed and our continue our phase pleased business of who value and the of with the parties
update We to do market the will it’s appropriate so. when
our While leaders we focused, strategies the our the perspective that have and comments on Throughout demonstrated With on this these our and quarter of have stayed have am time. we resilience perspective, right I we during year. me circumstances associates stress team, in are to the let healthy remainder the turn and financially place. that put and of of all this, proud incredibly some have
results our quarter below were first Our expectations.
through started consumers as year’s comp quarter to the stimulus lapped we late inflationary single-digits started While with experience off as last and April, low positive pressures. weakened in considerably growth demand strong March,
store the positive brand our low to well single-digits There percent Sephora last double-digits recent down of favorable, growth improve our seasonal being year year. continued in with and notably Importantly, we In past for the spring by demand has our last have key as moved XXX X% also as declined the seen stores key both businesses, first some sales were quarter, as including Children’s positives as which stimulus from quarter total, trends classifications. sales introductions. turned weeks comp the in and Home May driven the accelerated for success we weather delivering
Let a more our starting Home. QX results me color share little on with
very category comparisons As industry XX% Home aware, pandemic. benefited including last The against up was are overall more business, the year. in the year-over-year our the than Home difficult during up you first quarter,
Our sales. our Home quarter for XX% in and the XX% declined accounted sales of
we expect outdoor to category to expanded we the areas incremental bedroom to kids’ the and decor, While demand pet and continuing remain normal such are category. weak, adjusting pursue as new furniture, furnishings
elasticity value in stay We where will appropriate. model, competitive also leverage taking it’s our price pricing we while ensuring
our was markets our unseasonably cooler and in to sales difference in footwear performance QX point our apparel QX. pressured due We call especially spring turn saw it’s that an weather, in northern I business to performance, important basis northern XXX As in between markets. out to southern seasonal our and
which Children’s with to a including spring heavily more seasonal remainder half in XX% those influenced that was business, primarily sales weather, active, the sleep for accounting saw decline. decrease Our benefited due sales The is from toys. than pandemic, by the categories and
of the so year. significantly improved Looking our May. performance through seasonal improve ahead, expecting will we far are Spring remainder Children’s that the has business in
XXX pipeline In rebalancing fashion to releases. product are month the entertainment licensed of and launching addition, upcoming zones are we this entertainment to we stores in in-store on capitalize include new assortments more the strong
climate. also strong for category a on positioned key back-to-school are availability, value seasonal season focus and We relevance a with timely by
cornerstone, our me updated starting as transformation partnership the let XXX with with quarter, with driving Sephora results. in turn The stores our stores, underway our positives with is a to impressive Now, Sephora. the in
average shopping to store more our saw as NARS, shopping stores and attract makeup And up as customers Sephora Kohl’s OLAPLEX customer. with perspective, The Too Sephora categories selling the driven at Beauty, active. customers across new, the have Tilbury, brands sales comped these including and QX, as Sephora overall with as well all basket growth across are low Faced. broader such fragrance. incremental skincare, Sephora by Top Collection, frequently continue a women’s, and been they to twice in first with we Fenty more Kohl’s younger, XXX product both single-digits, we and customers Kohl’s strength diverse shopping categories, as Charlotte well accessories as nearly often Sephora From as positively
have and Sephora The the replenishment opened first awareness XXX this important the Sephora multiple from remodels, And indicates and are We these the of hold Sephora us builds. periods the Kohl’s shops that taking Sephora last of fact while true that they the it shop-in-shops we as along as have are for build-out note XXX It’s open all another rollout summer while of the performance be a during incremental Kohl’s. great early quarter the XXX of during end of We soon traffic that stores, to gives in will weeks, is said representation of over benefit the at XX April. confidence the is occur August. store by our week been only future they exceeding again core plan. Sephora few by the at to shops
active deliver We stores of the have taken the our leading reflow and to in to against casual opportunity strategy the update, lifestyle. and refresh
active elevated We our merchandising. to have of brought front the with iconic new brands and the store
to the with are brands premium the newly and Sephora a Klein Calvin shop placement We like showcase leveraging presentation Luxottica. of updated sunglass
to to our we as excitement areas learn. We involved to agile of are continue be also deliberately discovery throughout we bring and will customers and the placing store
later summer, half deliver of a They us the are Importantly, mass have stores positively material comp year. back doors will critical impact in XXX comping. positive in we the to are the transformed working. a these this And hit as new enabling
our some you performing are Now, about let the how me categories quarter. tell of other in
Hilfiger, had men’s Klein months, the business by and X increased part successful several Sales past driven new Calvin very Our over a Tommy including introduction quarter. X%, in strong of Hurley. the brands
We also and significant dress tailored saw in growth our business.
ours, Armour and denim, dresses, were Offsetting of in our later double-digits, seasonal growth are confidence strong which underperformance Draper which to key Additionally, categories have tanks, out gains drive including as expand tees, swim, rolling exceeded which area we with gives positive May year. areas outdoor like warmer apparel, such shorts Under and to but growth. like brands shown plan. a Bauer This in more outsized Eddie and Outdoor, company with the with stores spring our sales down In weather. James, a outerwear, in outpaced sizing sales continue women’s, trend was like strategic this partnership we inclusive us
category seasonal expense with up We in investments growth when of to by company. initiatives store is costs. sales in apparel, more recently and relative performed to store saw within a active ongoing year lesser increased situation a the line where in this discuss in store due Jill perspective, strong to the from note, XX%. and openings contested will and store. wage year profitability men’s sale lower disruption From the refreshes, and repositioned extent, the relates and incurred than active earnings growth And growth the driven to primarily as women’s temporary was lower active, the related offset children’s to apparel. also footwear step-up detail, Our significant as And of overall, in against to juniors addition, sales, extremely was last more last especially in increased a it in process. we strategic heightened proxy expenses refreshes, by Sephora softness juniors related freight Of our was business impacted nature and it
the we results start now XXXX, are year half as second followed expect QX positive take me we expecting our improvement improve. initiatives difficult our are growth balance and on results in of Despite why to to how approaching hold. in the turn Let by we the sequential the will key based quarter-to-date that
confident Let me reasons why share we this a outlook. in few key are
touched business of ago, XXX we to week by the We QX, Sephora with XXX opened I as all XXX in from be benefit openings. August. and on will moment a to early the First, open store our nearly XX last opened more April expect additional
forward to year in XX% credit Second, volatile month, earn-rate it X% past the over customers third, a in will increasing We as and found that And X% our significantly we driving our adapt by sales going over conditions. X.X% a navigate card. it more Kohl’s stores approximately and also Rewards XXX lift. successful plans those have earlier Kohl’s for challenging enhanced to we we be piloted this it from
our during environment, outperformed into leaning focused on this promotion pricing quarter portfolio are strategies. value We optimization and further our brand driving and current which private value-oriented leveraging the
yesterday to Before filing X-K afternoon. I turn address it let over me our from Jill,
time Howe Kohl’s and well seen wish are you Kohl’s Revelle their have here in have contributions we and Both them meaningful made opportunities. endeavors. to their during pursue Greg As other may leaving Doug future to
to In company, we have new drive the to and Chief are Media will immediately, Chief capabilities and Interim including immediately, as serve Vice Executive and strategic long-tenured Merchandising we a Customer Effective Christie, retail ensure strong as many place Christie interim marketing Ron our and Ron evolution. Analytics, in track now with meantime, Officer. the initiatives seamless transition. Kohl’s Murray, interim led of already President play serve will will Kohl’s Disney active currently a enhance both we merchandising records. the Marketing Marketing the brings search currently in this is Also at plans forward, to is in transformation transformation. driving Raymond, merchandising process women’s. firms Engagement, Search to a our effective talented digital underway. her proven role our accelerate key Christie our the strong our Ron leaders As Officer. experience, a use opportunity and leadership identify of leaders to and continues deep continue with strategy engaged executive, and has understanding customer and Both are and
to year forward. highly will across In initiatives customers of still a strategy and making country our confident want expectations, us. a below are thank financial driving the of our trends improving, that, started associates they changes summary, that has their me are details and front give more our ongoing and months. are are been in on you With results. Kohl’s few our I job let who great for the it what benefits we leading will capable again turn over dedication We the our our and strategic has do to once while teams key out to committed challenging our talented through Jill,
