Kohl's Q2 Earnings To Likely Miss Last Year's Results, Says Analyst
Portfolio Pulse from Michael Juliano
Kohl's Corporation is expected to report lower year-over-year earnings for Q2, with EPS projected at $0.48 and revenue at $3.61 billion. Despite a 30% stock decline in 2024, the company declared a $0.50 dividend. Kohl's is focusing on new brands and back-to-school sales to boost performance.
August 27, 2024 | 5:38 pm
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Kohl's is expected to report lower year-over-year earnings for Q2, with EPS projected at $0.48 and revenue at $3.61 billion. Despite a 30% stock decline in 2024, the company declared a $0.50 dividend. Focus on new brands and back-to-school sales.
Kohl's is expected to report lower earnings compared to last year, which is likely to negatively impact the stock price in the short term. The 30% decline in stock price since the beginning of 2024 and the declaration of a dividend indicate financial challenges. However, the focus on new brands and back-to-school sales could provide some positive momentum.
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