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Kohl's Corp Down 4.81% To $32.44 After Earnings Miss

Thursday, August 18, 2022 11:18 AM | InvestorsObserver Analysts
Kohl's Corp Down 4.81% To $32.44 After Earnings Miss

Kohl's Corporation (KSS) reported less than expected earnings this morning for Q2 2022.

Analyst expectations for Kohl's Corp earnings per share (EPS) were at $1.14, with the company missing those estimates with a reported EPS of $1.11, leading to a negative surprise of $0.03 per share (-3%). Kohl's Corp's earnings were down 55% year-over-year as the firm reported an EPS of $2.48 in its year-ago quarter. The negative annual growth shows the Consumer Cyclical company isn't performing well amid current economic conditions.

Revenues were upbeat at $4.1 billion. That represents a 8.10% decrease in revenues from the year-ago report and is 6.16% higher than consensus estimates set at $3.9 billion.

The stock is down 4.81% to $32.44 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 50. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Kohl's operates 1,165 department stores in 49 states that sell moderately priced private-label and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Most of these stores are in strip centers. Kohl's also operates a large digital sales business. Women's apparel is Kohl's largest category, having generated 27% of its 2021 sales. The retailer, headquartered in Menomonee Falls, Wisconsin, opened its first department store in 1962.

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