KSS Stock Recent News

Department store chain Kohl's trimmed its annual sales and profit forecast on Thursday, as weaker consumer demand for its apparel and footwear outweighed benefits from higher discounts and strong brand assortment, dragging its shares down 15% in premarket trade.

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Kohl's Corporation (NYSE:KSS) today reported results for the first quarter ended May 4, 2024. Net sales decreased 5.3% and comparable sales decreased 4.4% Regular price sales increased 2.4% with clearance impacting overall comp by more than 600 basis points Gross margin increased 48 basis points Diluted loss per share of $0.24 Inventory declined 13% Updates full year 2024 financial outlook Committed to returning capital to shareholders through the dividen.

Kohl's (KSS) first-quarter results are likely to reflect the impacts of an uncertain macroeconomic landscape, while strength in the home category is an upside.

Get a deeper insight into the potential performance of Kohl's (KSS) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

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Kohl's had an intriguing fiscal year that saw a modest drop in revenue but a spike in profits as the company managed costs well.

Baby Boomers make up a sizeable chunk of the retailers' shoppers and investors aren't convinced that Gen Z and Millennials will age into shopping at the stores.

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--The Board of Directors of Kohl's Corporation (NYSE:KSS) today declared a regular quarterly dividend of $0.50 per share on the Company's common stock. The dividend is payable June 26, 2024, to shareholders of record at the close of business on June 12, 2024. About Kohl's Kohl's (NYSE: KSS) is a leading omnichannel retailer built on a foundation that combines great brands, incredible value and convenience for our customers. Kohl's serves millions of familie.