Kohls is getting whacked after missing earnings

  • Kohl’s shares are down 8.75% to $US37.22 on Thursday after the company’s earnings report.
  • The company reported earnings of $US0.70 per share, which was lower than the $US0.72 per share expected by Wall Street, according to Bloomberg.
  • Revenue came in above expectations, at $US4.332 billion vs. expectations in $US4.299 billion.
  • Recent hurricanes led to store closures in the affected areas, which put a damper on the company’s sales.
  • Costs also increased, which lessened the impact of the first comparable-store sales increase in seven quarters.
  • Kohls is down 25.14% this year.

Read more about the company’s earnings.

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