
Shares of U.S. department store chain Kohl's KSS.N fall 17% to $10 premarket
Company forecasts a bigger-than-anticipated drop in annual sales and expects profit below Wall Street estimates as it grapples with uneven demand
Expects comparable sales to decline 4% to 6% during 2025, compared with analysts' average estimate of a 0.9% drop, according to data compiled by LSEG
Q4 same-store sales fall 6.7%, compared with the estimate of a 6.2% drop
Larger peer Macy's M.N and big-box retailers such as Walmart WMT.N and Target TGT.N have also provided cautious forecasts due to inflation risks and the impact of President Donald Trump's tariffs
KSS expects 2025 profit between 10 cents and 60 cents per share, vs analysts' estimate of $1.23 a share
Shares down 55.8% in the past 12 months