Latest news with #KohlsCorp
Bloomberg
3 days ago
- Business
- Bloomberg
Kohl's Beats Expectations in Wake of Dramatic CEO Firing
By Updated on Save Kohl's Corp. reported better-than-expected comparable sales, signaling that the retailer's turnaround plan may be beginning to take hold. Comparable sales fell 3.9% in the three months ended May 3, slightly better than what analysts were expecting. The company said earlier this month it expected comparable sales to fall 4% to 4.3%. The company reported revenue of $3 billion for the quarter, roughly in line with analysts' expectations.
Yahoo
3 days ago
- Business
- Yahoo
Kohl's: Fiscal Q1 Earnings Snapshot
MENOMONEE FALLS, Wis. (AP) — MENOMONEE FALLS, Wis. (AP) — Kohl's Corp. (KSS) on Thursday reported a loss of $15 million in its fiscal first quarter. The Menomonee Falls, Wisconsin-based company said it had a loss of 13 cents per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share. The department store operator posted revenue of $3.23 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $3.2 billion. Kohl's expects full-year earnings to be 10 cents to 60 cents per share. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on KSS at
Washington Post
3 days ago
- Business
- Washington Post
Kohl's: Fiscal Q1 Earnings Snapshot
MENOMONEE FALLS, Wis. — MENOMONEE FALLS, Wis. — Kohl's Corp. (KSS) on Thursday reported a loss of $15 million in its fiscal first quarter. The Menomonee Falls, Wisconsin-based company said it had a loss of 13 cents per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
Bloomberg
14-05-2025
- Business
- Bloomberg
Kohl's Is Looking to Refinance Just as It Searches for a New CEO
Kohl's Corp. is planning a high-yield debt sale as the beleaguered retailer tackles a fast-approaching bond maturity. The company, which is currently looking for a new chief executive officer, plans to sell about $360 million of junk bonds to raise cash to refinance debt coming due this year, according to a statement on Tuesday. The five-year secured bond offering will provide the retailer with additional capital to refinance borrowings under its revolving credit facility, Kohl's said, and it expects to borrow under the facility to repay all of its 4.25% notes due in July.
Bloomberg
06-05-2025
- Business
- Bloomberg
Can CEOs Really Have a Private Life?
When the Kohl's Corp. board fired its chief executive on Thursday, less than four months into his tenure, the struggling retailer's stock soared. Kohl's announced that it had terminated Ashley Buchanan for cause, having discovered he directed millions of dollars of business to someone with whom he had an undisclosed personal relationship.
