All Change At Kohl's As Retailer Confirms Weak Third Quarter [Forbes]
Kohl's Corporation (KSS)
Last kohl's corporation earnings: 3/3 07:00 am
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Source: Forbes
Kohl's Corp. has reported another disappointing earnings and revenue, and has confirmed a change at the helm. After posting its 11th consecutive quarter of comparable sales decline for the third quarter, Kohl's also lowered its full-year sales outlook. In the earnings statement outgoing CEO Tom Kingsbury, who will be replaced at the top by Ashley Buchanan - currently the CEO of Michaels Cos. - in the new year, said that sales had continued to be soft in the retailer's core apparel and footwear categories. “Although we had a strong collective performance across our key growth areas, including Sephora, home decor, gifting, and impulse, and also benefited from the opening of Babies 'R' Us shops in 200 of our stores, these were unable to offset the declines in our core businesses,” Kingsbury said in the earnings update. For the quarter ended Nov. 2., net income fell to $22 million from $59 million in the prior-year period and net sales fell 8.8% to $3.51 billion, short of estimates
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News
- Kohl's Stock Trades Near 52-Week Low: Buy Opportunity or Warning? [Yahoo! Finance]Yahoo! Finance
- Kohl’s Announces More Than $1 Million in Donations this GivingTuesdayBusiness Wire
- Kohl’s Tells Shoppers: “Your Cart, Our Treat”; Unveils Plans to Pay for Customer’s Holiday Gifts This DecemberBusiness Wire
- Kohl's Co. (NYSE: KSS) was downgraded by analysts at Guggenheim from a "buy" rating to a "neutral" rating.MarketBeat
- Kohl's Co. (NYSE: KSS) was downgraded by analysts at Baird R W from a "strong-buy" rating to a "hold" rating.MarketBeat
KSS
Earnings
- 11/26/24 - Miss
KSS
Sec Filings
- 12/16/24 - Form 4
- 12/5/24 - Form 10-Q
- 11/26/24 - Form 8-K
- KSS's page on the SEC website