Kohl's Stock Tumbles After Weak Results, CEO Departure News

KEY TAKEAWAYSKohl's stock is plummeting 17% in premarket trading after it reported weaker-than-expected third-quarter earnings Tuesday, the day after it announced that CEO Tom Kingsbury would stepping down after less than two years running the struggling retailer.Kohl's also lowered its guidance for the full year.Kingsbury will be replaced by Ashley Buchanan, CEO of The Michaels Companies, on Jan. 15. Kohl's (KSS) shares are tumbling 17% in premarket trading Tuesday after the retailer posted weaker-than-exp ...