shares plummeted more than 20% in premarket trading Thursday after the company posted a surprise loss per share, coming in well below Wall Street's expectations for a slight profit.compared with what Wall Street was expecting, according to a survey of analysts by LSEG:$3.18 billion vs. $3.34 billion expected
Net sales decreased 5.3% to $3.18 billion compared to the year prior, with comparable sales down 4.4%. Kohl's expects full-year diluted earnings per share in the range of $1.25 to $1.85 – far lower than the $2.34 per share that was expected, according to LSEG.
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