Thursday, May 19, 2022

Kohl's Q1 Profit Misses Estimates, Comps. Down 5.2%; Updates 2022 Outlook

Kohl's Corp. (KSS) said the year has started out below its expectations. Following a strong start to the quarter with positive low-single digits comps through late March, sales considerably weakened in April. Comparable sales declined 5.2%, for the quarter. Looking forward, the company continues to expect business to improve as the year progresses, with growth in the second half.

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