Loading news...
Kohl's CEO signals no additional store closures planned this year after shuttering 27 locations last year, focusing on optimizing existing 1,150 stores nationwide.
Kohl's CEO Michael Bender has revealed that customers and staffers do not need to worry about more intense store closures this year as he focuses on turning around the flailing retailer.
Last year, the CEO of the department store chain Kohl's (NYSE: KSS) announced the closure of 27 locations in order to help shore up the company's struggling finances.
Kohl's (KSS) is signaling early signs of progress in its turnaround efforts, with employee bonuses this year set to exceed internal targets, according to a memo
Kohl's is using proprietary brands to offer lower prices and streamlining the number of styles and products it stocks, company executives said.
KSS posts fourth-quarter earnings beat at $1.07 as margins improve, but revenues fall 4.2% and comparable sales drop 2.8% amid fewer store transactions.
Goldman Sachs trimmed its price target on Kohl's Corporation (NYSE:KSS) to $13 from $15 on Tuesday, maintaining its Sell rating after the department store chain reported what the firm characterized as mixed fourth-quarter results.
Top Wall Street analysts changed their outlook on top names. See all changes on analyst ratings page.
Kohl's faces significant headwinds, with eroding sales trends and market share losses during the crucial holiday season. KSS has declined approximately 30% since January, reflecting investor concerns over its competitive positioning and consumer demand. The challenging macroeconomic environment and persistent inflation are weighing heavily on KSS, intensifying the retailer's struggles.
The CNN Business Fear and Greed Index measures market sentiment based on 7 indicators. Current reading of 27.9 puts it in 'Fear' zone.
Kohl's turnaround efforts are being challenged by the continued economic pressures facing its core customers. The department store chain reported earnings Tuesday (March 10) showing net sales down 3.9% for the quarter and 4% for its full year.
U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 300 points on Tuesday.
Evercore ISI remains “unimpressed” as Kohl's (NYSE: KSS) came in ahead of earnings estimates for its fiscal Q4. In a research note dated March 10th, the investment firm said structural cracks in the business remain wide, adding the post-earnings surge looks more like a “relief rally” than the start of a sustainable recovery.
Kohl's Corporation (KSS) Q4 2026 Earnings Call Transcript
Kohl's Corporation (NYSE:KSS) shares climbed about 3.8% on Tuesday after the department store chain reported fourth-quarter earnings that topped Wall Street expectations, even as comparable store sales lagged estimates. The company posted Q4 net income of $125 million, or $1.07 per share, beating analysts' average forecast of $0.86.
Kohl's beat on earnings but missed slightly on sales this morning. Management forecasts another sales decline in 2026, and a decline in profit as well.
Although the revenue and EPS for Kohl's (KSS) give a sense of how its business performed in the quarter ended January 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Kohls Corp ( NYSE:KSS), the latest retailer to step into the earnings confessional, is up 12% to trade at $16.10, reversing premarket losses.
Kohl's (KSS) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.95 per share a year ago.
Stock futures pointed lower as oil prices pared declines Tuesday, a day after major indexes erased steep losses to end higher after President Donald Trump said the Iran war could end soon.