From CNBC: 2024-05-30 08:13:39

Kohl’s shares dropped over 20% in premarket trading as they reported a loss per share of 24 cents, contrasting with the 4 cents profit expected by Wall Street. Net sales dipped 5.3% to $3.18 billion, with a net loss of $27 million. The company also revised its 2024 guidance to anticipate a decline in net sales and diluted earnings per share. CEO Tom Kingsbury acknowledged areas needing attention but highlighted growth in the women’s category and partnership with Sephora. Kohl’s plans to expand with Babies ‘R’ Us in-store outposts.



Read more at CNBC:: Kohl’s (KSS) earnings Q1 2024