Kohl's shares sink 9% as growth slows [MarketWatch]
Kohl's Corporation (KSS)
Last kohl's corporation earnings: 3/3 07:00 am
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Source: MarketWatch
Kohl's shares sink 9% as growth slows Kohl's Corp. KSS, -8.99% shares are down 9.2% in Tuesday trading with GlobalData's Neil Saunders raising an alarm about the slowdown in growth demonstrated by the retailer's third-quarter results. Kohl's reported profits and sales that beat expectations and raised its guidance. However, sales growth was 1.3% year-over-year. "[T]here is no denying that growth has slowed - which is a little disappointing given the softness of the prior year numbers when total and comparable sales were virtually flat," Saunders wrote. "The period also coincided with robust consumer spending which, in our view, should have provided a little more upside to the numbers than has been delivered." Chief Financial Officer Bruce Besanko said on the early Tuesday earnings call that the Bon-Ton Stores Inc. BONTQ, -7.15% bankruptcy would be "especially opportunistic" because of the customer overlap, giving Kohl's the chance to snap up market share. Kohl's shares have rall
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KSS
News
- Kohl's Co. (NYSE: KSS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Kohl's Continues Mental Health Support with $200,000 Donation to the National Alliance on Mental Illness Southeast WisconsinBusiness Wire
- Kohl's Corporation: Core Business Going Strong With Opportunities In Adjacent Categories [Seeking Alpha]Seeking Alpha
- Kohl's Co. (NYSE: KSS) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Kohl's (KSS) Down 8.2% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
KSS
Earnings
- 3/12/24 - Beat
KSS
Sec Filings
- 4/23/24 - Form 4
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- KSS's page on the SEC website