Kohl's shares are trading lower after the company reported worse-than-expected Q3 sales results and updated guidance.
Portfolio Pulse from Benzinga Newsdesk
Kohl's reported disappointing Q3 sales results and provided updated guidance, leading to a decline in its stock price.
November 21, 2023 | 4:49 pm
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Kohl's reported lower than expected Q3 sales, resulting in a decrease in stock price following the announcement.
Kohl's reported worse-than-expected sales for Q3, which is a critical indicator of the company's performance and often directly influences investor sentiment and stock price. The updated guidance suggests that future performance may also be under pressure, which can lead to a negative short-term impact on the stock as investors adjust their expectations.
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