tradingkey.logo

Kohl's slumps after forecasting bigger-than-expected drop in 2025 sales

ReutersMar 11, 2025 12:11 PM

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

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI