Why Kohl's Stock Is Plummeting Today

Source The Motley Fool

Shares of Kohl's Corp (NYSE: KSS) are falling on Tuesday. The company's stock plunged 25.1% as of 2:40 p.m. ET and was down as much as 27.4% earlier in the day. The steep decline comes amid a broader market pullback, with the S&P 500 down 0.4% and the Nasdaq Composite down 0.2%.

The department store chain reported disappointing quarterly results and provided a bleak outlook for the year ahead.

Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free »

Disappointing earnings report

Kohl's announced that its fourth-quarter revenue and same-store sales declined 9.4% and 6.7% year over year (YOY), respectively. The retailer reported earnings per share (EPS) of $0.95, a steep drop from last year's $1.67 for the same period. It was better than Wall Street's target of $0.75, however.

The dismal performance extends a concerning trend for the retailer, which has shed 65% of its market value over the past year. The company's market cap now hovers just above $1 billion, down from potential acquisition offers that valued it at up to $9 billion in 2022.

2025 does not look good

Kohl's outlook for 2025 was grim. The company expects same-store sales to fall 4% to 6%, much worse than the expected 0.55% decline. An EPS target range of $0.10 to $0.60 also came way below Wall Street estimates of $1.24.

Kohl's CEO has announced plans to cut roughly 10% of Kohl's corporate workforce and close 27 stores by April as the company attempts to right the ship. I don't have confidence the retailer will be able to make a meaningful turnaround any time soon.

Don’t miss this second chance at a potentially lucrative opportunity

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

  • Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $277,401!*
  • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,128!*
  • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $467,393!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

Continue »

*Stock Advisor returns as of March 10, 2025

Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Author  FXStreet
Jul 01, 2024
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
placeholder
50% of Crypto Coins Fail: Lessons from Ghost Tokens in 2025A recent CoinGecko report revealed some jaw-dropping data. Of the approximately 7 million cryptocurrencies listed on GeckoTerminal since 2021, 3.7 million have subsequently died.
Author  Beincrypto
May 06, Tue
A recent CoinGecko report revealed some jaw-dropping data. Of the approximately 7 million cryptocurrencies listed on GeckoTerminal since 2021, 3.7 million have subsequently died.
placeholder
Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in MayEthereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Author  Beincrypto
May 07, Wed
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
placeholder
Ethereum Price Faces Pressure: Can It Sustain Its Recent Rally?Ethereum price found support at $2,460 and started a fresh increase. ETH is now struggling and might drop again below the $2,500 support.
Author  NewsBTC
May 27, Tue
Ethereum price found support at $2,460 and started a fresh increase. ETH is now struggling and might drop again below the $2,500 support.
placeholder
Gold Price Forecast: XAU/USD holds key 20-day EMA above $3,350, US-Iran tensions escalateGold price (XAU/USD) exhibits a sluggish performance above $3,350 during European trading hours on Monday.
Author  FXStreet
Jun 23, Mon
Gold price (XAU/USD) exhibits a sluggish performance above $3,350 during European trading hours on Monday.
goTop
quote