Kohls Corp CFO Says For Q3, Expect Gross Margin Of About 38%
Portfolio Pulse from Benzinga Newsdesk
Kohls Corp's CFO has projected a gross margin of about 38% for Q3.
August 23, 2023 | 1:37 pm
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Kohls Corp's CFO has projected a gross margin of about 38% for Q3. This could impact the company's profitability and thus its stock price.
The gross margin is a key indicator of a company's financial health. A higher gross margin indicates that the company is earning more for each dollar of sales and has more to cover basic operating costs. However, whether this projection will have a positive or negative impact on the stock price depends on whether it meets, exceeds, or falls short of market expectations.
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