KSS Stock Recent News

Kohl's shares experienced volatility in 2024, with a drop due to disappointing earnings guidance, but have since stabilized around $23 per share. Despite a decline in sales and operating income, Kohl's has improved its balance sheet. While Kohl's faces challenges in a tough retail environment, its high yielding dividend remains sustainable and the company is committed to reducing debt.

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Kohl's (NYSE: KSS) is making back-to-school shopping easy for families with more ways to save on quality merchandise. This season, families will find new brands, trend-right apparel and essentials, including hundreds of staples under $20, including tees, shorts and denim. "We know the back-to-school time frame can be very busy for families, so we're making their shopping experience simple and affordable, while also offering the style and trends kids want,.

[Note: Kohl's fiscal year 2023 ended February 3, 2024]

Despite the challenging macroeconomic landscape, investors are buying meme stocks as companies gain popularity again through social media and online communities. May was a particularly interesting month for meme maniacs following “Roaring Kitty's” return after over three years.

Wisconsin-based department store giant Kohl's will not sponsor any events related to the Republican National Convention in Milwaukee this July. Kohl's is one of the few big companies in Wisconsin that's opted out of the convention in Milwaukee.

Department store operator Kohl's Co. NYSE: KSS shocked investors by reporting a loss of 24 cents versus expectations of a profit of 5 cents in its first quarter 2024 earnings report. To compound matters, the company also trimmed its full-year EPS forecasts.

Khol's stock was trading at around $20.70 a share -- on track for its lowest value since November.

Shares of Kohls Corp. plunged as much as 25% on Thursday after the retailer reported a surprise loss in the first quarter and cut its forecast for the year.

Kohl's is looking to boost its sagging sales by promoting value to consumers who have been buffeted by high interest rates and inflation. During the quarter ended May 4, the retailer's net sales decreased 5.3% year-over-year and its comparable sales declined 4.4%, according to a Thursday (May 30) earnings release.

Kohl's (KSS) first-quarter fiscal 2024 results reflect soft comparable sales. Management curtails the 2024 view due to a drab Q1 and uncertainty in the consumer landscape.