Kohl's Reports First Quarter Fiscal 2024 Financial Results
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Go back to Kohl's Reports First Quarter Fiscal 2024 Financial Results
May 30, 2024 4:15 PM EDT
Jefferies analyst Ashley Helgans lowered the price target on Kohl's (NYSE: KSS) to $19.00 (from $23.00) while maintaining a Hold rating.
The analyst comments "KSS missed Q1 meaningfully on a tough clearance-driven compare & lowered the FY as sales trends softened starting late March. FY guide still... More
May 30, 2024 4:11 PM EDT
Evercore ISI analyst Michael Binetti lowered the price target on Kohl's (NYSE: KSS) to $22.00 (from $24.00) while maintaining a In Line rating.
The analyst comments "1Q SSS & EPS Miss as KSS Tries to Withdraw from Heavy Markdowns. 1Q EPS came in at a loss of... More
May 30, 2024 7:07 AM EDT
(Updated - May 30, 2024 9:43 AM EDT)
Kohl's Corp (NYSE: KSS) reported a disappointing first quarter, with the retailer's earnings and sales falling short of Wall Street estimates.
As a result, KSS plunged 22% in Thursday's trading session.
For the first quarter, Kohl's posted a net loss of $27 million, or -$0.24 per diluted share, which was significantly below the analyst consensus of $0.04 per share. Revenue for the quarter also missed expectations, coming in at $3.38 billion against the projected $3.4... More
