Kohl's EPS Results Disappoint, Impacting Investor Confidence
Kohl’s(KSS) MarketBeat·2024-06-04 19:16
Key PointsKohl’s surprised investors with a Q1 2024 loss of 24 cents versus expectations for a profit of 5 cents, sending shares lower by over 28%.Kohl's is experiencing consumer demand problems as inventories continue to shrink 13% YoY while gross margin rose 48 bps.Kohl’s has a large 33.7% short interest, an 8.93% annual dividend yield, and real estate holdings estimated to be worth between $7 billion to $8 billion, overshadowing its $2.5 billion market cap.5 stocks we like better than Kohl'sDepartment st ...