Kohl’s beat Wall Street’s sales and earnings expectations
May 24, 2023
Kohl’s posted revenues of $3.36 billion in the first quarter, above the $3.34 billion expected by Wall Street. The retailer reported earnings per share of 13 cents, surprising analysts who were looking for it to post a loss of 42 cents. “Our first quarter results were in line with our expectations and represented a first step as we work to drive sales and earnings performance over the long-term,” said CEO Tom Kingsbury.
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