Kohl’s (KSS) posts strong earnings, gross margin beat in Q4, issues weak guidance
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Kohl's (KSS) PT Lowered to $24 at Citi
March 13, 2024 5:04 AM EDTCiti analyst Paul Lejuez lowered the price target on Kohl's (NYSE: KSS) to $24.00 (from $27.00) while maintaining a Neutral rating.
The analyst comments "KSS beat 4Q EPS driven by better GM/SG&A, but sales continue to be weak. F24 comp... More
Kohl's (KSS) PT Raised to $21 at JPMorgan, Offers 'Mgmt Follow-Up Takes'
March 12, 2024 12:58 PM EDTJPMorgan analyst Matthew R. Boss raised the price target on Kohl's (NYSE: KSS) to $21.00 (from $20.00) while maintaining a Neutral rating.
The analyst comments We see KSS $75-80K HH income core customer demographic and off-mall store fleet well positioned versus brick/mortar peers with the companys balance sheet generating ~$1.6B in annual FCO by FY22/23 supporting a mid-single-digit dividend and... More
Kohl's joins department store retailers to warn of weak 2024 growth
March 12, 2024 7:09 AM EDTBy Savyata Mishra
(Reuters) -Kohl's on Tuesday forecast annual sales and profit largely below market expectations, joining Macy's and Nordstrom to warn of a challenging year for U.S. department stores.
Shares of Kohl's, which gained about 14% in 2023, fell 2% in early trading as it posted a steeper-than-expected drop in same-store sales in the fourth quarter.
The retailer's results round up a tough year for American department store chains, which have struggled as... More
Kohl's (KSS) Tops Q4 EPS by 40c, Offers Guidance
March 12, 2024 7:02 AM EDTKohl's (NYSE: KSS) reported Q4 EPS of $1.67, $0.40 better than the analyst estimate of $1.27. Revenue for the quarter came in at $5.71 billion versus the consensus estimate of $5.8 billion.
GUIDANCE:
Kohl's sees FY2024 EPS of $2.10-$2.70, versus the consensus of... More
Kohl's (KSS) and WHP Global Announce Strategic Partnership for Babies“R”Us
March 12, 2024 7:02 AM EDTKohls (NYSE: KSS) today announced a new partnership with WHP Global, the owner of the BabiesRUs® brand, to bring baby gear, furniture, activity, and more to millions of growing families across the country, broadening the retailers reach with younger customers. The first BabiesRUs shops will open in Kohls this August, with plans to roll out to approximately 200 stores in fall 2024. Customers will also be able to shop an expanded assortment of baby products on Kohls.com... More
