Kohl's Q1 Earnings: Revenue And Profit Miss, Outlook Cut, Stock Tumbles
Portfolio Pulse from Shivani Kumaresan
Kohl's Corp (NYSE:KSS) reported disappointing Q1 FY24 earnings, missing revenue and profit estimates, and slashed its FY24 outlook. The company's stock tumbled 22.6% in premarket trading.
May 30, 2024 | 12:33 pm
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Kohl's Corp reported a 5.3% decline in Q1 FY24 sales, missing estimates, and a significant EPS miss. The company also cut its FY24 outlook, leading to a 22.6% drop in premarket trading.
Kohl's reported worse-than-expected Q1 FY24 earnings, with a 5.3% sales decline and a significant EPS miss. The company also slashed its FY24 outlook, leading to a sharp 22.6% drop in premarket trading. This indicates a negative short-term impact on the stock price.
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