Streetbeat News

KSS

Kohl's Corporation

https://www.Kohls.com

Industry

Department Stores

Kohl's Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang. As of March 21, 2022, it operated approximately 1,100 Kohl's stores and a website www.Kohls.com. Kohl's Corporation was founded in 1988 and is headquartered in Menomonee Falls, Wisconsin.

Open

18.43

Mkt cap

Volume

6.7M

High

18.61

P/E Ratio

7.06

52-wk high

29.60

Low

17.74

Div yield

0.11

52-wk low

17.41

Kohl's reported a 5.5% decline in Q3 comparable sales, indicating a potential challenge in the retail sector and possibly reflecting a decrease in consumer spending or increased competition.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:04 pm

Kohl's has updated its FY23 sales forecast, now expecting a decline of (2.8%) to (4%), compared to its previous projection of (2%) to (4%). This revision indicates a slightly more pessimistic outlook for the company's sales performance in the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:04 pm

Kohl's has updated its FY23 earnings per share (EPS) guidance to a range of $2.30-$2.70, which is a narrower range compared to the prior guidance of $2.10-$2.70. This update is in line with the consensus estimate of $2.45.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:03 pm

Kohl's reported Q3 earnings of $0.53 per share, surpassing the consensus estimate of $0.33 by 60.61%, but marking a 35.37% decrease from the same period last year. Quarterly sales were $3.84B, falling short of the $4.11B estimate by 6.52% and representing a 5.16% decline from last year's figures.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:01 pm

Ahead of Black Friday, several retailers are set to report earnings, including Best Buy (BBY), which faces lowered price targets due to macro trends affecting consumer demand. Analysts have mixed views, with some seeing long-term strength and others noting near-term challenges. Other retailers reporting earnings include Lowe's (LOW), Kohl's (KSS), Dick's Sporting Goods (DKS), American Eagle Outfitters (AEO), Abercrombie & Fitch (ANF), Burlington Stores (BURL), and Guess? (GES). The reports will provide insights into consumer spending and expectations for the holiday season.

Portfolio Pulse from Chris Katje

November 20, 2023 | 5:18 pm

Kohl's Corp (NYSE:KSS) shares are trading lower due to the announcement of a management transition, with the departure of president and COO Dave Alves effective Nov. 17. The company is expected to report Q3 financial results before the market opens on Tuesday, with an anticipated earnings of 33 cents per share on revenue of $4.111 billion. Kohl's has previously beaten analyst estimates in the first two quarters of 2023.

Portfolio Pulse from Adam Eckert

November 20, 2023 | 2:28 pm

Kohl's (NYSE:KSS) is expected to report Q3 earnings with an EPS of $0.33 on November 21, 2023. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Kohl's has had mixed earnings performance with share price reactions varying post-earnings announcement. Shares are currently trading at $25.56, down 21.25% over the last year. The upcoming earnings report is significant for investors, especially considering the stock's recent performance.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:01 pm

Kohl's Corp announced the departure of Dave Alves, the company's President and Chief Operating Officer, according to an SEC filing on Nov 17.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:50 pm

Analysts have provided ratings for three high-yield dividend stocks in the consumer discretionary sector: Kohl's Corporation (KSS), Leggett & Platt, Incorporated (LEG), and Foot Locker, Inc. (FL). These stocks offer dividend yields above 7% and have been recently rated by some of Wall Street's most accurate analysts. KSS beat revenue expectations in Q2 FY23, LEG posted downbeat earnings for Q3, and FL is expected to report Q3 results on Nov. 29, 2023.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 1:29 pm

Kohl's Corp (NYSE:KSS) stock rose by 7.4% to $25.58 following strong earnings reports from Gap Inc and Ross Stores, indicating a positive trend in the retail and apparel sector. Gap's earnings per share of 59 cents exceeded expectations of 18 cents, with quarterly sales of $3.767 billion beating estimates of $3.610 billion, despite being a 7% decrease from the previous year. This sector-wide performance suggests increased consumer confidence, which could bode well for Kohl's and similar companies.

Portfolio Pulse from Henry Khederian

November 17, 2023 | 8:40 pm

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