Kohl's: Poor Underlying Demand For The Foreseeable Future
Portfolio Pulse from
Kohl's Corp is facing persistent poor demand, with a significant decline in revenue and same-store sales. The macro environment and promotional activities are expected to continue hindering growth, with no substantial sales improvement anticipated.
November 29, 2024 | 4:15 pm
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NEGATIVE IMPACT
Kohl's Corp reported an 8.5% decline in revenue and a 63% drop in EPS for 3Q24, with same-store sales growth at -9.3% y/y. The macro environment and intense promotional activities are expected to continue hindering growth, with no substantial sales improvement in sight.
The significant decline in revenue and EPS, along with negative same-store sales growth, indicates poor performance. The ongoing macroeconomic challenges and promotional pressures suggest continued difficulties for Kohl's, likely impacting its stock negatively in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100