Kohl’s Earnings Beat Estimates. It Maintains Guidance.

Kohl’s posted earnings of 52 cents a share, lower than the same quarter last year but above the 23 cents analysts had penciled in.

Net sales in the quarter fell 4.8% from a year earlier to $3.68 billion, slightly lower than Wall Street’s call for $3.76 billion. The retailer reaffirmed its financial outlook for full year 2023, which includes earnings between $2.10 and $2.70 a share. “Our second-quarter earnings were in line with our expectations. We maintained strong sales momentum in Sephora at Kohl’s, reduced inventory by 14%, and managed expenses tightly,” said CEO Tom Kingsbury in the earnings release.Shares of Kohl’s were rising 0.7% to $25.91 in premarket trading Wednesday.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Baidu Earnings: BIDU rises 4% following 43% increase in adjusted earningsBaidu (BIDU) stock surged in Tuesday’s premarket following the Chinese search giant’s release of a major earnings beat for the quarter ending June 30
Source: FXStreetNews - 🏆 14. / 72 Read more »

Baidu Stock Jumps as China’s Google Delivers Huge Earnings BeatChinese tech peers Alibaba and JD.com both saw their stocks sink after strong earnings but no outlook. Will Baidu follow suit?
Source: MarketWatch - 🏆 3. / 97 Read more »

Lowe's sticks by full-year earnings forecast despite weakening sales, as spring projects offer a boostLowe's beat second-quarter earnings expectations but slightly missed on revenue.
Source: CNBC - 🏆 12. / 72 Read more »

These Stocks Are Moving the Most Today: Lowe’s, Zoom Video, Tesla, Fabrinet, Baidu, and MoreLowe's reports second-quarter earnings that top analysts' estimates, Zoom Video's quarterly earnings and revenue are better than analysts' expectations,...
Source: MarketWatch - 🏆 3. / 97 Read more »