**Kohl’s Tops Estimates as Inventory Woes Ease**.
**MINNEAPOLIS, Minn.**—Department store chain Kohl’s Corp. surpassed analysts’ expectations in the fourth quarter, helped by improved inventory levels and strong demand for its private-label brands..
**Key Highlights:**.
* **Revenue:** $5.24 billion, up 2.4% year-over-year (YoY) and above consensus estimates of $5.19 billion..
* **Comparable sales:** Increased 5.6%, driven by double-digit growth in active and casual attire..
* **Earnings per share (EPS):** $2.46, exceeding expectations of $2.37..
* **Inventory:** Down 18% YoY, indicating progress in addressing previous supply chain issues..
* **Store closures:** The company plans to close an additional 78 stores in 2024, following the closure of 60 stores in 2023..
**Executive Commentary:**.
