{
  "docId": "019f6b8f-32cf-7688-97ac-a3d98b243b84",
  "docSlug": "jarvis-macellum-kohls-presentation-april-2022",
  "documentTitle": "Macellum Kohls Presentation April 2022",
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  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-04-01 00:00:00",
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  "pageNumber": 39,
  "pageCount": 168,
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  "slideType": "expose_contradiction",
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  "density": "balanced",
  "nDataPoints": 24,
  "notes": "The slide uses a combination of a bar chart for cumulative CapEx and a line chart for EBT to highlight the lack of return on investment.",
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  "slideHref": "/slides/019f6b8f-32cf-7688-97ac-a3d98b243b84/39",
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      "kind": "chart",
      "text": "Cumulative CapEx vs. Decreasing Annual EBT ($s in millions)",
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      "subkind": "bar-vertical",
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      "kind": "other",
      "text": "Source: Company SEC filings; Bloomberg LP, 2022E are based on Bloomberg LP 2022 Consensus Estimates.",
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      "kind": "paragraph",
      "text": "Kohl's has spent a cumulative $7.5 billion in CapEx since 2011 and is projected to spend a total of $8.4 billion by 2022. EBT has decreased 24% since 2011 and is projected to fall by 39% through 2022",
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      "text": "Cumulative CapEx and EBT data table",
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      "kind": "title",
      "text": "MATERIAL CAPITAL EXPENDITURES HAVE NOT BENEFITED EBT",
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