Kohl's Q1 2024 GAAP EPS $(0.24) Misses $0.03 Estimate, Sales $3.178B Miss $3.335B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kohl's (NYSE:KSS) reported Q1 2024 GAAP EPS of $(0.24), missing the $0.03 estimate by a significant margin. Sales were $3.178 billion, also missing the $3.335 billion estimate. Both earnings and sales showed a decline compared to the same period last year.
May 30, 2024 | 11:02 am
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NEGATIVE IMPACT
Kohl's reported a significant miss on both earnings and sales for Q1 2024. The GAAP EPS of $(0.24) was far below the $0.03 estimate, and sales of $3.178 billion missed the $3.335 billion estimate. Both metrics showed a decline compared to the same period last year.
The significant miss on both earnings and sales, along with the year-over-year decline, is likely to negatively impact Kohl's stock price in the short term. Investors may react negatively to the substantial deviation from analyst expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100