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.
Kohl's crashes after warning on profits
Kohl's Corporation (NYSE:KSS) stock dropped 24% in premarket trading on Thursday after reporting a surprise swing to a loss in the past quarter. The mid-tier department store chain also issued a profit warning.
Kohl's stock plummets 20% after massive earnings miss
Kohl's posted a quarterly loss and missed Wall Street's revenue expectations for the first quarter. The retailer also also lowered its forecast for the full year.
Kohl's Stock Dives After Surprise Loss in Earnings Report. What to Know.
The department store's shares are tumbling in premarket trading after it lowers 2024 earnings and sales guidance.
Kohl's stock drops sharply as it swings to an unexpected loss and issues 2024 profit warning
Kohl's Corp.'s stock KSS, +0.37% was down 20% in premarket trading on Thursday after it swung to an unexpected first-quarter loss and warned its full-year 2024 earnings would fall short of analyst estimates. Kohl's reported a first-quarter loss of $27 million, or 24 cents a share.
Kohl's cuts annual forecast on slowing demand, pulling shares down 15%
Department store chain Kohl's trimmed its annual sales and profit forecast on Thursday, as weaker consumer demand for its apparel and footwear outweighed benefits from higher discounts and strong brand assortment, dragging its shares down 15% in premarket trade.
Kohl's (KSS) Ready to Report Q1 Earnings: Is a Beat in Store?
Kohl's (KSS) first-quarter results are likely to reflect the impacts of an uncertain macroeconomic landscape, while strength in the home category is an upside.
