Can Kohl's Stock Nearly Triple To Pre-Inflation Shock Highs Of $64?

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 $ ...