Getty Images Looking ahead, Kohl's downgraded its forecasts for sales to decline 2% to 4% through the end of 2024, which isn't great, but it is still better than Q1's 5% decline. This is compared to its previous forecast of -1% to 1% growth. Its comp sales outlook also changed from a prior flat to 2% growth to the current -1% to -3% growth. The retailer mentioned that it will be profitable this year, earning between $1.25 and $1.85 per share, but this was a massive guide down from its previous forecast of $ ...

A Kohl's department store sign hangs outside the building on March 12, 2024 in Miami, Florida. Shares of Kohl's fell as it posted a drop in same-store sales in the fourth quarter. "Kohl's is not a political organization nor donor and is not sponsoring nor engaging in any specific RNC events," a spokeswoman for the company told CNBC. "We support the business community through the Metropolitan Milwaukee Association of Commerce." The announcement comes as both Republicans and Democrats are scrambling to secure ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code (262) 703-7000 Securities registered pursuant to Section 12(b) of the Act: | | Trading | Name of each exchange on | | --- | --- | --- | | Title of each ...

+1.45 (+6.47%) 52-Week Range $17.68 ▼ Key Points 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. Shares reacted by gapping down over 28% the following morning to a low of $19.58. However, shares recovered some losses back to the $22 level. Investors wonder if an investment in Kohl's stock is dead mone ...

Kohl's stock price tanked by as much as 26% on Thursday after the department store chain posted a surprise quarterly loss on weaker consumer demand — especially among inflation-battered middle-class shoppers, the company said. The Wisconsin-based company cut its annual sales and profit forecasts as shoppers are still prioritizing essential purchases over discretionary products like apparel, electronics and home goods as they face dwindling pandemic-era savings. Discretionary spend of Kohl's middle-income cu ...

Kohl's shares plunged as much as 25% on Thursday after the retailer reported a surprise first-quarter loss and lowered its forecast for the year. The department store chain saw a 5.3% drop in net sales for the fiscal quarter ending May 4, and comparable sales were down 4.4%. The company said lower clearance sales versus last year amounted to a 600-basis-point drag on comparable sales. "Our first quarter results did not meet our expectations and are not reflective of the direction we are heading with our str ...

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 attributed the drop in part to a reduction in clearance sales, which more than offset an increase in regular price sales. "As it relates to the consumer backdrop, our customers continue to ...

Kohl's Corporation (KSS) posted drab first-quarter fiscal 2024 results, with the top and bottom lines declining year over year and falling short of the Zacks Consensus Estimate. While regular price sales increased, soft clearance sales (in comparison to the year-ago period) were a downside. Nonetheless, Kohl's witnessed an improved gross margin and lower inventory while benefiting from stringent cost control. Management remains optimistic about its growth efforts, including Sephora, home decor, gifting, imp ...

Thursday, May 30th, 2024 The biggest day of market data this week (so far) is today. A first revision of Q1 Gross Domestic Product (GDP), Initial and Continuing Jobless Claims, Advance Trade in Goods, Inventory tallies and more key retail earnings numbers dominate the landscape. Unfortunately, pre-market futures are either discounting positive elements of the new data or they're simply ignoring it: the Dow is -300 points at this hour, The Nasdaq is -15 and the Nasdaq -25 points. The slo-mo selloff from all- ...

If you're looking for a generous dividend stock, Kohl's could be it -- and it just got a lot cheaper. Kohl's Corporation (KSS -25.91%) stock imploded Thursday morning -- down 26.3% through 10:15 a.m. ET - - after reporting a big net loss where investors had expected a profit. Heading into the first quarter, analysts forecast Kohl's would earn $0.04 per share on sales of $3.3 billion. Both predictions represented declines from Kohl's Q1 2023 report, but the news was even worse than expected. Kohl's didn't ea ...