Kohl's Aktie News

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--This GivingTuesday, Kohl's (NYSE: KSS) is announcing $5 million in grants to 200 nonprofits nationwide in support of improving family health and wellness. Each nonprofit was encouraged to apply by a Kohl's associate. “From regional food banks and youth education programming to nonprofits supporting mental health and family wellness, Kohl's is proud to don...

Kohl's Corporation NYSE: KSS followed the trend among retailers this earnings season. It beat on the top and bottom lines but issued mixed to soft guidance that sent the stock lower.

The company reported diluted earnings of $0.53 a share compared to last years $0.82 and street expectations of $0.35.

Execution played a role. So did Wall Street's expectations.

Burlington Stores stock rallied today after the company posted solid third-quarter results and raised its full-year earnings outlook. American Eagle and Kohl's each fell hard, however, after both companies issued holiday-quarter earnings guidance that was well below expectations.

As temperatures stayed warm in September and October, Kohl's discovered that it had a surplus of its cold weather inventory beyond what was initially expected. In response to the downturn in sales, the retailer is focusing on beauty and gifting categories as a reliable source of revenue.

Kohl's Corporation (NYSE:KSS ) Q3 2023 Earnings Conference Call November 21, 2023 9:00 AM ET Company Participants Mark Rupe - Senior Vice President, Investor Relations and Treasury Tom Kingsbury - Chief Executive Officer Jill Timm - Chief Financial Officer Conference Call Participants Mark Altschwager - Baird Bob Drbul - Guggenheim Oliver Chen - TD Cowen Gabby Carbone - Deutsche Bank Matthew Bo...

The holiday season is typically the weakest for home improvement retail stores, and this year is no different.