Kohl's Q3 EPS $0.53 May Not Be Comparable To Beats $0.33 Estimate, Sales $3.84B Miss $4.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kohl's reported Q3 earnings of $0.53 per share, surpassing the consensus estimate of $0.33 by 60.61%, but marking a 35.37% decrease from the same period last year. Quarterly sales were $3.84B, falling short of the $4.11B estimate by 6.52% and representing a 5.16% decline from last year's figures.
November 21, 2023 | 12:01 pm
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Kohl's Q3 earnings surpassed estimates but showed a year-over-year decline in both EPS and sales, indicating mixed financial health.
While Kohl's exceeded EPS expectations, the year-over-year decline in both earnings and sales could concern investors about the company's growth trajectory. The earnings beat may provide some short-term positive sentiment, but the sales miss and declines could offset this, leading to a neutral short-term impact on the stock price.
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