Kohl’s set to report first-quarter results on Thursday morning
Kohl's will report its latest results on May 19 before the opening bell.
Video Transcript
SEANA SMITH: A more serious story and it's something that we've really seen move the markets as of late, and that's Kohl's, because we're going to get another look at the health of the consumer when the retail giant reports earnings before the bell tomorrow. Now the Street is expecting $0.70 on revenue of $3.6 billion. Couple of headwinds to watch here when it comes to Kohl's, and similar to what we've seen from the other retailers, supply chain issues, increased freight cost, and inventory delays.
Now Kohl's earnings coming in the midst of a very tough week for the retail sector. And the stock today taking a huge hit. You can see it closing down just over 11%. Now this comes in the wake of disappointing results from Target and Walmart, one of the big triggers of today's massive sell-off that we saw pretty much Street-wide here. So again, Kohl's is a name to watch. The stock today closing off just over 11%.
