Kohl's Q1 Net Sales Down 3.3% YoY, Comparable Sales Down 4.3%, Inventory Down 6%
Portfolio Pulse from Benzinga Newsdesk
Kohl's reported a 3.3% YoY decrease in Q1 net sales, with comparable sales down 4.3% and inventory down 6%.
May 24, 2023 | 11:02 am
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NEGATIVE IMPACT
Kohl's Q1 results show a decline in net sales, comparable sales, and inventory.
Kohl's reported a decline in Q1 net sales, comparable sales, and inventory. This indicates a weaker financial performance, which may negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100