Kohl’s Corp. stock is down 12% in premarket trading after the retailer posted a loss and also said it would fall short of analyst estimates for 2023 profit....
Kohl’s Corp. KSS stock is down 12% in premarket trading after the retailer posted a loss and also said it would fall short of analyst estimates for 2023 profit. Kohl’s said it lost $273 million, or $2.49 a share in the fourth quarter, after recording net income of $299 million, or $2.20 a share, in the year-ago quarter. Wall Street analysts expected Kohl’s to earn 97 cents a share, according to estimates compiled by FactSet. Kohl’s fourth-quarter sales fell 7% to $5.
KSS stock is down 12% in premarket trading after the retailer posted a loss and also said it would fall short of analyst estimates for 2023 profit. Kohl’s said it lost $273 million, or $2.49 a share in the fourth quarter, after recording net income of $299 million, or $2.20 a share, in the year-ago quarter. Wall Street analysts expected Kohl’s to earn 97 cents a share, according to estimates compiled by FactSet. Kohl’s fourth-quarter sales fell 7% to $5.
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