Kohl's (KSS) reported $3.38 billion in revenue for the quarter ended April 2024, representing a year-over-year decline of 5.3%. EPS of -$0.24 for the same period compares to $0.13 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $3.54 billion, representing a surprise of -4.47%. The company delivered an EPS surprise of -700.00%, with the consensus EPS estimate being $0.04. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Key Takeaways Kohl's shares fell sharply Thursday after it posted an unexpected net loss for the first quarter. The retailer also lowered its guidance for the full year, citing "ongoing uncertainty" among consumers. Shares plummeted 27% soon after the opening bell to their lowest point since October. Kohl's Corp. (KSS) shares tumbled Thursday after the retailer reported an unexpected net loss for the first quarter and lowered its guidance for the full year. Revenue fell 5% year-over-year to $3.38 billion, m ...

Kohl's (KSS) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -700%. A quarter ago, it was expected that this department store operator would post earnings of $1.24 per share when it actually produced earnings of $1.67, delivering a surprise of 34.68%. Over the last four quarters, the company has s ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Shoppers walk in front of a Kohl's store in Mount Kisco, New York. Kohl's shares plummeted more than 20% in premarket trading Thursday after the company posted a surprise loss per share, coming in well below Wall Street's expectations for a slight profit. Here's how Kohl's did in its fiscal first quarter compared with what Wall Street was expecting, according to a survey of analysts by LSEG: Loss per share: 24 cents vs. a profit of 4 cents expected Revenue: $3.18 billion vs. $3.34 billion expected Kohl's re ...

Exhibit 99.1 Kohl’s Reports First Quarter Fiscal 2024 Financial Results MENOMONEE FALLS, Wis.–(BUSINESS WIRE)—May 30, 2024– Kohl’s Corporation (NYSE:KSS) today reported results for the first quarter ended May 4, 2024. • Net sales decreased 5.3% and comparable sales decreased 4.4% • Regular price sales increased 2.4% with clearance impacting overall comp by more than 600 basis points • Gross margin increased 48 basis points • Diluted loss per share of $0.24 • Inventory declined 13% • Updates full year 2024 f ...

Kohl's Corporation (KSS) is likely to register top and bottom-line declines when it reports first-quarter fiscal 2024 earnings on May 30 before the opening bell. The Zacks Consensus Estimate for revenues is pegged at $3.54 billion, which suggests a drop of 0.9% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has decreased by 2 cents in the past 30 days to 4 cents per share. This indicates a slump of 69.2% from the year-ago quarter’s reported figure. However, KSS has a ...

Wall Street analysts expect Kohl's (KSS) to post quarterly earnings of $0.04 per share in its upcoming report, which indicates a year-over-year decline of 69.2%. Revenues are expected to be $3.54 billion, down 0.9% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 15.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings rele ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Kohl's (KSS) reports results for the quarter ended April 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 30. On the other ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Kohl's (KSS) , which belongs to the Zacks Retail - Regional Department Stores industry.When looking at the last two reports, this department store operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 45.28%, on average, in the last two quarters.For the most recent quarter, Kohl's was expected to post earn ...