Analysts Project Lower Kohl's Q4 Sales, Warn of Weak Outlook
KSS has more than doubled off its 52-week low of $6.04.
Summary
Analysts are forecasting Kohl's to report lower fourth-quarter sales of $5.02 billion, a decline from $5.18 billion last year, with comparable sales expected to fall by 1.5%. Despite a projected increase in profit to $92 million, UBS analysts' channel checks indicate sales deteriorated during the quarter and they anticipate a weak earnings print along with a lower-than-expected outlook for the year. This pre-earnings commentary, particularly regarding sales performance and future guidance, is significant for traders, especially considering the stock's recent 37% decline over the past three months. Investors will be closely monitoring the official earnings release on Tuesday for confirmation of these trends and the company's forward guidance, which could further impact market sentiment.
At the time of this announcement, KSS was trading at $14.14 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $6.04 to $25.22. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.