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Stock impact report

Kohl's shares plunge 15% as retailer gives rough outlook for the year ahead [CNBC]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: CNBC
Revenue came in at $5.18 billion for the fourth quarter and $15.39 billion for the full year. The retailer said it expects revenue to fall 5% to 7% in fiscal 2025. A worker pushes a cart outside of Kohl's store on November 26, 2024 in San Rafael, California. Kohl's posted an earnings and revenue beat for the fourth quarter on Tuesday, but its stock plunged as it issued much worse-than-expected guidance for the year ahead. Shares of the company fell more than 15% in premarket trading on Tuesday. For 2025, Kohl's expects revenue to fall 5% to 7%, compared with Wall Street estimates of a 1.6% decrease, according to LSEG. The company projected comparable sales will fall 4% to 6%, while analysts anticipated a 0.9% decrease, according to StreetAccount. Kohl's expects earnings per share to come in between 10 cents and 60 cents, a miss compared to a midpoint Wall Street estimate of $1.23, according to LSEG. Here's how the retailer did compared with what Wall Street was expecting, Show less Read more
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