KSS - Why Retailer Kohl's Shares Are Declining Today | Benzinga
Kohl's Corp (NYSE: KSS) shares are trading lower by around 12% after it posted Q3 FY23 results.
Revenue declined 5.2% Y/Y to $3.84 billion, missing the analyst consensus of $4.11 billion. Comparable sales decreased 5.5%.
EPS of $0.53 beat the consensus estimate of $0.33. Gross margin for the quarter expanded 158 basis points to 38.9%.
Operating income for the quarter was $157 million versus $200 million last year. The operating ...