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Kohl's stock plummets more than 20% after massive earnings miss - TL;DR CNBC

Kohl's stock plummets more than 20% after massive earnings miss

Publishing timestamp: 2024-05-30 13:53:28


Summary

Kohl's posted a quarterly loss, missed revenue expectations, and lowered its forecast for the full year. The company attributed slower sales to tough comparisons and poor weather affecting customer buying habits. Despite efforts to attract shoppers with new merchandise and partnerships, Kohl's weak results have raised questions about its turnaround strategy. Kohl's plans to open more Sephora shops and Babies R Us outposts in its stores.


Sentiment: NEGATIVE

Tickers: KSSBURL

Keywords: earningsdividendsretail industrybreaking news: businessburlington stores incbusiness newskohls corp drnbusiness

Source: https://www.cnbc.com/2024/05/30/kohls-kss-earnings-q1-2024.html


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