KSS Stock Recent News

Kohl's (KSS) is focused on growing its store portfolio and accelerating digital business growth. The company is on track with building the home business.

Kohl's (KSS) reported earnings 30 days ago. What's next for the stock?

Kohl's (KSS) is impressed with its progress toward key priorities. The company is on track with building the home business, which represents a solid growth opportunity.

The investor-led $5.8 billion bid for the acquisition of Macy's Inc. NYSE: M sent the company's shares soaring over 20%. Retailer stocks in the consumer discretionary sector spiked as well.

You can expect a vast array of Black Friday ads prominently placed throughout the course of today's game.

Kohl's Corporation NYSE: KSS followed the trend among retailers this earnings season. It beat on the top and bottom lines but issued mixed to soft guidance that sent the stock lower.

The company reported diluted earnings of $0.53 a share compared to last years $0.82 and street expectations of $0.35.

As temperatures stayed warm in September and October, Kohl's discovered that it had a surplus of its cold weather inventory beyond what was initially expected. In response to the downturn in sales, the retailer is focusing on beauty and gifting categories as a reliable source of revenue.

The shares of Kohl's Corporation (NYSE:KSS) are 12.2% lower at $21.82, after the retailer reported a bigger-than-expected drop in sales for the third quarter, as shoppers were pressured by high inflation.

The results come after retail bellwether Walmart last week took a cautious stance going into the holiday shopping season, which is expected to grow at the slowest pace in five years.