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Kohl’s to Report Q1 Earnings Amid Retail Headwinds and Lower Revenue Expectations
Wall Street anticipates a loss of $0.22 per share and a 5.2% decline in revenue as Kohl’s struggles with soft consumer demand and operational challenges.
Department store chain Kohl’s Corp (NYSE : KSS) is set to release its quarterly earnings befor e market hours on Thursday, May 29.
According to a preview by Nasdaq, Wall Street analysts expect Kohl’s to report a quarterly loss of $0.22 per share, marking an 8.3% improvement year-over-year.
Revenues are projected to reach $3.2 billion, a decrease of 5.2% from the same period last year. In the previous quarter, the retailer met revenue expectations with $5.40 billion, which was still down 9.4% year-on-year.
Diving deeper into analyst forecasts, 'Net Sales' are expected to total $2.99 billion, representing a 6% year-over-year decline.
'Other revenue' is estimated at $179.90 million, a drop of 11.8% compared to the year-ago quarter. Meanwhile, the total number of Kohl’s stores is projected to rise to 1,152, up from 1,100.
Kohl’s stock has risen by 15.4% over the past month, outperforming the Zacks S&P 500 composite’s 10.7% gain. However, the stock currently holds a Zacks Rank #3 (Hold), suggesting it is expected to perform in line with the broader market.
Despite recent stock gains, investing.com cautions that Kohl’s may be a stock to avoid this week. The company continues to navigate a tough retail environment, challenged by operational inefficiencies and waning consumer demand for discretionary items.
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