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Stock impact report

Kohl's Finally Succumbs to Industry Headwinds [The Motley Fool]

Kohl's Corporation (KSS) 
Last kohl's corporation earnings: 3/3 07:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.kohls.com/investors
Company Research Source: The Motley Fool
Kohl's Finally Succumbs to Industry Headwinds The retailer’s streak of positive comps growth ends as its margins contract. Kohl's ( NYSE:KSS ) focus on rotating its products quickly, staying separate from malls with stand-alone stores, and organizing its stores with easy-to-navigate "racetracks" helped it outperform many of its department store peers in the past. However, Kohl's streak of positive comparable store sales growth ended in the first quarter. Its comps fell 3.4% to start 2019, broadly missing its prior forecast for flat growth, as its total revenue declined 2.9%. Its adjusted earnings fell 5% to $0.61 per share and missed estimates by six cents. Kohl's also reduced its full-year EPS guidance from $5.80-$6.15 to $5.15-$5.45, which implies a 3%-8% decline from 2018. Those dismal numbers caused Kohl's stock to plunge to a fresh 52-week low -- and that pain might not end anytime soon. Kohl's comps growth decelerated over the past year as it faced the same headwinds as other Show less Read more
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