Kohl's EPS Results Disappoint, Impacting Investor Confidence
Department store operator Kohl's Co. NYSE: KSS shocked investors by reporting a loss of 24 cents versus expectations of a profit of 5 cents in its first quarter 2024 earnings report. To compound matters, the company also trimmed its full-year EPS forecasts.
Kohl's tanks 26% as inflation-weary shoppers pull back to sink sales, profits
Khol's stock was trading at around $20.70 a share -- on track for its lowest value since November.
Kohl's shares tumble after retailer reports sales slump, lowers forecast
Shares of Kohls Corp. plunged as much as 25% on Thursday after the retailer reported a surprise loss in the first quarter and cut its forecast for the year.
Kohl's Promotes Value to Middle-Income Consumers Buffeted by Inflation
Kohl's is looking to boost its sagging sales by promoting value to consumers who have been buffeted by high interest rates and inflation. During the quarter ended May 4, the retailer's net sales decreased 5.3% year-over-year and its comparable sales declined 4.4%, according to a Thursday (May 30) earnings release.
Kohl's (KSS) Cuts View on Q1 Earnings Miss, Low Comparable Sales
Kohl's (KSS) first-quarter fiscal 2024 results reflect soft comparable sales. Management curtails the 2024 view due to a drab Q1 and uncertainty in the consumer landscape.
Q1 GDP Cools on 1st Revision; KSS, BURL, FL Report Q1
Slightly higher jobless claims and a deeper gouge on the domestic trade balance in goods round out a busy morning for data.
Kohl's (KSS) shares tank over 26% as unexpected Q1 loss disappoints markets
Kohl's Corporation (NYSE: KSS) experienced a significant drop in its stock value on Thursday, tumbling more than 26% following the release of its first-quarter earnings. The company reported an unexpected loss of $0.24 per share, sharply contrasting with the expected earnings of $0.04 per share and last year's profit of $0.13 per share.
Why Kohl's Stock Crashed 26% on Thursday
Kohl's stock was supposed to report a Q1 profit. It reported a loss instead.
Kohl's Stock Eyes Worst Day Ever After Surprise Loss
Kohl's Corp (NYSE:KSS) announced a surprise loss and revenue miss for the first quarter.
Kohl's (KSS) Reports Q1 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Kohl's (KSS) give a sense of how its business performed in the quarter ended April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Kohl's Tumbles on Surprise Loss, Lowered Guidance
Kohl's Corp. (KSS) shares tumbled Thursday after the retailer reported an unexpected net loss for the first quarter and lowered its guidance for the full year.
Kohl's (KSS) Reports Q1 Loss, Misses Revenue Estimates
Kohl's (KSS) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.13 per share a year ago.
