Kohl’s Corp revised down its full-year profit and sales forecasts as the US giant is pressured by deeper discounts and higher costs it faces amid a rally in inflation. In particular, the US department store group now expects full-year net sales to fall between 5% and 6%. The group had previously expected sales to remain […]
Tag: Kohl’s
Kohl’s: Talks with Franchise Group ended without an agreement
Kohl’s Corp announced that acquisition talks with Franchise Group ended without a deal. Franchise Group was the company with the highest offer at $60 a barrel, as Kohl’s was in talks with 25 companies. “Despite a concerted effort on both sides, the current financial and retail environment has created significant obstacles to trying to reach […]
Kohl’s: Cut estimates for use
Kohl’s Corp. cut its earnings estimates for the year, and entered the long list of US companies warning that inflation at a high of 40 years is beginning to affect profit margins and consumer power. The company’s share has fallen 11% this week as warnings about Walmart and Target profits have heightened concerns about a […]
Kohl’s: Announces record earnings for the third quarter, jump 6.2% for the stock
Kohl’s Corp shares jumped 6.2% in pre-conference trading, as the department store announced record earnings for the third quarter, which exceeded estimates. Net income was $ 243 million, or $ 1.65 a share, compared with a loss of $ 12 million, or 8 cents a year, a year ago. Revenue rose to $ 4.60 billion […]