Kohl’s Shares Plunge 24% on Disappointing Annual P…
From Financial Modeling Prep: 2025-03-11 12:46:00
Kohl’s stock plummeted over 24% following a disappointing profit outlook for the year, despite beating Q4 earnings estimates. Adjusted EPS was $0.95, exceeding expectations, with revenue at $5.18 billion and gross margin at 32.9%. However, operating income fell short at $126 million, leading to a bleak forecast of diluted EPS between $0.10 and $0.60 for the year, with net sales expected to decline 5-7%. This news reflects ongoing struggles in consumer demand and sales trends, causing a significant drop in stock value.
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