Kohl's (KSS) Misses Q3 Earnings and Revenue Estimates

Summary of Key Points Core Viewpoint - Kohl's reported quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.27 per share, and showing a significant decline from $0.53 per share a year ago, indicating a -25.93% earnings surprise [1][2] Financial Performance - The company posted revenues of $3.71 billion for the quarter ended October 2024, which was 3.32% below the Zacks Consensus Estimate and down from $4.05 billion year-over-year [2] - Over the last four quarters, Kohl's has surpassed consensus EPS estimates only two times, and it has not beaten consensus revenue estimates during this period [2] Stock Performance - Kohl's shares have decreased approximately 36.1% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [4] - The current Zacks Rank for Kohl's is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [7] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $1.13 on revenues of $5.57 billion, and for the current fiscal year, it is $1.77 on revenues of $16.52 billion [8] - The trend of estimate revisions for Kohl's is mixed, and future changes in estimates will be closely monitored following the recent earnings report [7][8] Industry Context - The Retail - Regional Department Stores industry, to which Kohl's belongs, is currently ranked in the top 6% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [9]