Exhibit 99.1 Kohl's Reports Third Quarter Fiscal 2024 Financial Results MENOMONEE FALLS, Wis.—(BUSINESS WIRE)—November 26, 2024— Kohl's Corporation (NYSE:KSS) today reported results for the third quarter ended November 2, 2024. • Net sales decreased 8.8% and comparable sales decreased 9.3% • Diluted earnings per share of $0.20 • Updates full year 2024 financial outlook • Kohl's Board announces CEO transition process Tom Kingsbury, Kohl's chief executive officer, said "Our third quarter results did not meet ...

KEY TAKEAWAYSKohl's shares are falling in premarket trading after the department store chain said that Chief Executive Officer (CEO) Tom Kingsbury is stepping down after less than two years running the struggling retailer.Kingsbury will leave his post on Jan. 15 and be replaced by Ashley Buchanan, CEO of The Michaels Companies.Kohl's has been struggling with falling sales and its shares are down by almost a third this year. Kohl's (KSS) shares are falling 3.5% in premarket trading after the department store ...

Kohl’s Corporation KSS will release earnings results for the third quarter, before the opening bell on Tuesday, Nov. 26.Analysts expect Kohl’s to report quarterly earnings at 27 cents per share. That's down from 54 cents per share a year ago. The Menomonee Falls, Wisconsin-based company projects to report quarterly revenue of $3.71 billion, compared to $3.84 billion a year earlier, according to data from Benzinga Pro.On Monday, Kohl’s said Chief Executive Officer Tom Kingsbury plans to step down as CEO, eff ...

Kohl’s has appointed Michaels Companies CEO Ashley Buchanan to succeed its current CEO Tom Kingsbury when Kingsbury steps down on Jan. 15.Kingsbury will retain an executive advisory role and board seat through his retirement in May, the retailer said in a Monday (Nov. 25) press release.Buchanan is a retail veteran who has been CEO of Michaels since 2020, according to the release. Before that, he was with Walmart and Sam’s Club for 13 years, holding a variety of senior executive roles.At Michaels, Buchanan i ...

Kohl's is getting a new CEO, its third since 2018.The off-mall department store's current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late 2022, and then permanently since early 2023.Michaels CEO Ashley Buchanan will take over the top job at Kohl's as Kingsbury departs, after leading the crafting retailer since 2020. Prior to his time at Michaels, Buchanan was at Walmart and its Sam's Club division for 13 years. Kohl's shares ...

Investors in Kohl's Corporation (KSS) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $05.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could als ...

Kohl's Corporation (KSS) is likely to register declines in the top and bottom lines when it reports third-quarter fiscal 2024 earnings on Nov. 26. The Zacks Consensus Estimate for revenues is pegged at $3.8 billion, which indicates a 5.3% decrease from the year-ago quarter's actual. The consensus mark for quarterly earnings moved down by a penny in the last seven days to 27 cents per share, indicating a decline of 49.1% from the year-ago quarter’s reported figure. KSS has a trailing four-quarter negative ea ...

Wall Street analysts forecast that Kohl's (KSS) will report quarterly earnings of $0.27 per share in its upcoming release, pointing to a year-over-year decline of 49.1%. It is anticipated that revenues will amount to $3.84 billion, exhibiting a decline of 5.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 4.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their i ...

Kohl's (KSS) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 26. On t ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to fi ...