By Emily Dattilo
Shares of Kohl's were falling after the retailer issued financial guidance that disappointed Wall Street.
Kohl's stock dropped 16% to $10.06 in premarket trading Tuesday.
For its fiscal fourth quarter ended Feb. 1, the company reported diluted earnings of 43 cents per share and adjusted earnings of 95 cents, while Wall Street had called for 73 cents.
Net sales declined 9.4% to $5.18 billion and were in line with the consensus estimate of $5.18 billion.
For the full year 2025, the company anticipates net sales to decrease 5% to 7% and diluted earnings per share in the range of 10 cents to 60 cents, while analysts had forecast $1.22.
"We have identified key areas of focus and are taking action in 2025 to reposition Kohl's for future success," CEO Ashley Buchanan said in the earnings release. "Our customers expect great product, great value, and a great experience from Kohl's."
Write to Emily Dattilo at emily.dattilo@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 11, 2025 07:21 ET (11:21 GMT)
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