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  "documentTitle": "Macellum Kohls Presentation April 2022",
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  "presentationDate": "2022-04-01 00:00:00",
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  "pageNumber": 50,
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  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 16,
  "notes": "The chart uses a red dashed box to emphasize the KSS data point.",
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      "text": "EV / CY 2022 EBITDA (Based on Consensus EBITDA Estimates)",
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      "text": "Source: Company SEC Filings, Bloomberg LP – Data as of 1/14/2021. Note: EV excludes operating leases",
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      "text": "Under the current Board, Kohl's' valuation has contracted meaningfully versus relevant peers - now delivering one of the worst valuations in retail - which we believe is due to a lack of market confidence in its execution and governance",
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      "kind": "title",
      "text": "WE BELIEVE DECLINING PERFORMANCE & LACK OF CREDIBILITY HAVE RESULTED IN INDUSTRY-LOW VALUATION",
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