Kohl's Q2 Earnings Top, Sales Decline Amid Consumer Challenges

Kohl's Corporation (KSS) posted mixed second-quarter fiscal 2024 results, with the bottom line increasing year over year and surpassing the Zacks Consensus Estimate. However, the top line declined and missed the consensus mark. During the quarter, KSS faced pressure from a challenging consumer environment and a decline in its core business. Customers became more selective with their spending, leading to lower sales despite an increase in transaction frequency. This overshadowed robust performance in key gro ...