Kohl’s Stock Tumbles on Weak 2025 Sales, Profit Projections
Cole’s shares (KSS) Tuesday, 15% of Tuesday’s listing trading after a troubled fiscal 2025 retailer forecast failed to meet analyst expectations.
For fiscal 2025, Cole predicts net sales to fall 5% to 7%, comparable sales to 4% to 6%, while comparable sales are comparable Earnings per share (EPS) $0.10 to $0.60. Analysts are looking for net sales to fall by about 2% in 2025, comparable sales fell by 1.83% and earnings per share of $1.26, according to visible Alpha data.
The fourth quarter results of the department store chain were mixed together, with analysts’ forecasts lagging. It had net income of $5.4 billion and earnings per share of $0.43. (After adjusting one-time costs such as store closures, Cole’s adjusted EPS was $0.95, which is estimated to be $0.95.) Analysts surveyed by Visible Alpha expect $0.71 and $5.38 billion, respectively. Last year, Cole’s registered profit was $1.67 per share and sales were $5.96 billion.
Comparable store sales fell 6.7%, a little better than the 6.9% drop expected by analysts.
Cole’s Missed estimates last quarterwhen it’s called the craft store chain Michaels Cos. CEO Ashley Buchanan will replace Tom Kingsbury as CEO.
Cole’s stock has entered about 55% of the stock over the past 12 months, recently hitting its lowest point in five years.