Kohl Stock Slips on Q3 Earnings & Sales Miss, Lowered Outlook
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Kohl's (KSS) reported lower sales and earnings for Q3, primarily due to weakness in the apparel and footwear sectors. The company has also lowered its fiscal 2024 guidance.
November 26, 2024 | 8:00 pm
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Kohl's reported disappointing Q3 results with lower sales and earnings, particularly in apparel and footwear. The company has also reduced its fiscal 2024 guidance, indicating potential challenges ahead.
The Q3 earnings and sales miss, along with the lowered fiscal 2024 guidance, suggest that Kohl's is facing significant challenges, particularly in the apparel and footwear sectors. This is likely to negatively impact the stock price in the short term.
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