Kohl's (KSS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Kohls Corp (NYSE:KSS) and Redfin Corp (NASDAQ:RDFN) are both seeing unusual options activity today.
Starting this week, Kohl's is opening 200 Babies R Us shops across the country. The retailer wants to cater more to young families by giving them another reason to visit stores.
Kohl's shares experienced volatility in 2024, with a drop due to disappointing earnings guidance, but have since stabilized around $23 per share. Despite a decline in sales and operating income, Kohl's has improved its balance sheet. While Kohl's faces challenges in a tough retail environment, its high yielding dividend remains sustainable and the company is committed to reducing debt.
Kohl's stock (NYSE: KSS), a department store that features apparel, footwear, accessories, soft home products, and housewares targeted to middle-income customers, currently trades at $22 per share, around 65% below its level of $64 seen on May 17, 2021 (pre-inflation shock high), and has the potential for sizable gains.
Wisconsin-based department store giant Kohl's will not sponsor any events related to the Republican National Convention in Milwaukee this July. Kohl's is one of the few big companies in Wisconsin that's opted out of the convention in Milwaukee.
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.
Khol's stock was trading at around $20.70 a share -- on track for its lowest value since November.
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 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) 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.
Slightly higher jobless claims and a deeper gouge on the domestic trade balance in goods round out a busy morning for data.