Department store chain Kohl's quarterly loss smaller than expected
May 29 (Reuters) - Kohl's KSS.N reported a smaller quarterly loss than its previous forecast and maintained its annual targets on Thursday, as the U.S. department store chain focuses on its turnaround efforts to cut costs amid a choppy demand environment.
The company, which fired its CEO earlier this month for a personal relationship with a vendor, reported a loss per share of 13 cents, compared with its preliminary expectations of a loss between 20 cents and 24 cents.
Analysts had expected a loss of 26 cents, according to data compiled by LSEG.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Recommended Articles
Featured Tools
Top News
What is the CLARITY Act? 2026 Guide to US Crypto Regulation and Stablecoin Yield Rules

Musk’s XChat Is Coming to App Store, Meta, Apple and Finance World Are Trembling

Anthropic IPO 2026: What the Claude Mythos Release Delay Means for Investors and Stock Valuation

Microsoft Launches Its Own AI Models and Ditches OpenAI Dependence - Is MSFT Stock a Buy at $370?

Anthropic Claude Mythos Preview Sparks Wall Street Panic: Bessent, Powell Summon CEOs; Cloudflare Tumbles 8%

Tradingkey






