Kohl's stock drops after profit miss, surprise sales decline
Kohl's Corp.'s stock dropped 4.4% in premarket trade Thursday, after the discount department store chain missed first-quarter profit and reported a surprise decline in sales. Earnings for the quarter ended April 30 fell to $58 million, or 31 cents a share, from $127 million, or 63 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was 37 cents. Revenue fell 3.7% to $3.97 billion from $4.12 billion, below the FactSet consensus of $4.13 billion. Same-store sales declined 3.9%... Читать дальше...