Retail Earnings Recap: Kohl's Cuts Full-Year Sales Outlook
Kohl's cut its full-year sales outlook as the company now expects its 2024 comparable sales to fall between 6% and 7%, lower than its earlier guidance of a 3% to 5% drop. The store's turnaround strategy will now be turned over to Ashley Buchanan, who will take over as chief executive officer in January.
Kohl Stock Slips on Q3 Earnings & Sales Miss, Lowered Outlook
KSS' Q3 results show lower sales and earnings on weakness in the apparel and footwear sectors. Management lowers fiscal 2024 guidance.
Kohl's Increases Private Brands Inventory to Bolster Value Messaging
Kohl's will sharpen its focus on value by increasing its inventory of private brands and delivering more targeted offers as it works to reverse its declining sales. The retailer said this Tuesday (Nov.
Kohl's Q3 results were 'pretty bad,' CFRA analyst says
Kohl's (KSS) has lowered its annual forecast following weaker-than-expected third-quarter results, causing shares to drop by nearly 20%. The retailer also announced that CEO Tom Kingsbury will step down in January, after less than two years in the role.
Kohl's: Weak Q3 Results Make Shares A Likely 'Value Trap' (Downgrade)
Kohl's Corporation shares have plummeted 37% this year, with a 20% drop following poor Q3 results and a CEO change, indicating severe operational struggles. Despite efforts to modernize, including partnerships with Amazon and Sephora, Kohl's continues to lose market share and faces declining same-store sales. Financial flexibility exists with $174 million in cash and manageable debt, but free cash flow is significantly lower, impacting dividend sustainability and share repurchases.
Kohl's plunges after cutting guidance, swapping CEO
Kohl's Corporation (NYSE:KSS) shares plunged 17% after the department store group lowered its full-year outlook after softer sales in the third quarter, with CEO Tom Kingsbury's departure announced late yesterday. Net sales in the past quarter fell 8.8% to £3.5 billion, with comparable sales down 9.3%, as softness in apparel and footwear overshadowed strong performances in Sephora, home décor, gifting, and Babies “R” Us shops.
Kohl's Corporation (KSS) Q3 2024 Earnings Call Transcript
Kohl's Corporation (NYSE:KSS ) Q3 2024 Results Conference Call November 26, 2024 9:00 AM ET Company Participants Mark Rupe - Senior Vice President, Investor Relations & Treasury Michael Bender - Independent Chair of the Board Tom Kingsbury - Chief Executive Officer Jill Timm - Chief Financial Officer Conference Call Participants Bob Drbul - Guggenheim Mark Altschwager - Baird Oliver Chen - TD Cowen Chuck Grom - Gordon Haskett Dana Telsey - Telsey Group Paul Lejuez - Citigroup Operator Thank you for standing by. My name is Brianna, and I will be your conference operator today.
Stock Of The Day: Kohl's Going Even Lower? Retailer Reports Revenue Way Below Expectations
Shares of Kohl's Corporation KSS are trading much lower on Tuesday. There is a good chance a new downtrend is forming.
Kohl's incoming CEO has a tough road ahead. Here's why
Kohl's Corp (NYSE: KSS) is in focus this morning after naming Ashley Buchanan its new chief executive. Buchanan, who has most recently served in a similar role at the Michaels Companies, will take the helm from Tom Kingsbury on January 15th, as per the company's press release on Tuesday.
Kohl's shares tumble on earnings miss, CEO to step down in January
Kohl's announced that CEO Tom Kingsbury is stepping down in January. He will be replaced by Ashley Buchanan, the current chief executive of arts and crafts retailer Michaels.
Why Kohl's Stock Crashed 20% on Tuesday
Kohl's (KSS -21.51%) stock collapsed after the company reported mixed earnings for its fiscal third quarter of 2024 Tuesday morning, falling 20% in the first 10 minutes of trading, as of 9:40 a.m. ET.
Kohl's (KSS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Kohl's (KSS) give a sense of how its business performed in the quarter ended October 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
