Kohl’s shares tumble despite the retailer’s strong sales beat and hiked outlook

Earnings

In this article

Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky.
Luke Sharrett | Bloomberg | Getty Images

Kohl’s on Thursday reported first-quarter earnings and sales that topped analysts’ estimates, and raised its outlook for the full year.

Its stock jumped more than 1% in early trading.

Here’s how the company did for the quarter ended May 1, compared with what analysts were anticipating, based on a Refinitiv survey:

  • Earnings per share: $1.05 adjusted vs. 4 cents expected
  • Revenue: $3.89 billion vs. $3.48 billion expected

Find the earnings press release from Kohl’s here.

This story is developing. Please check back for updates.

Articles You May Like

Fed policymakers will see ‘they blew it’ with interest rate hikes, predicts Starwood Capital’s Barry Sternlicht
Why labor economists say the remote work ‘revolution’ is here to stay
Consol Energy (CEIX) and Whirlpool (WHR): 12/2/2022 Bull & Bear
Who will be Disney’s next CEO? Here are the top contenders to succeed Bob Iger
Stocks making the biggest moves premarket: Silvergate Capital, MGM Resorts, Bilibili, Murphy Oil & more