Kohl’s shares tumble despite the retailer’s strong sales beat and hiked outlook
Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky.
Luke Sharrett | Bloomberg | Getty Images
Kohl’s on Thursday reported first-quarter earnings and sales that topped analysts’ estimates, and raised its outlook for the full year.
Its stock jumped more than 1% in early trading.
Here’s how the company did for the quarter ended May 1, compared with what analysts were anticipating, based on a Refinitiv survey:
- Earnings per share: $1.05 adjusted vs. 4 cents expected
- Revenue: $3.89 billion vs. $3.48 billion expected
Find the earnings press release from Kohl’s here.
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