A worker pushed open a shopping cart outside Cole’s store on November 26, 2024 in San Rafael, California.
Justin Sullivan | Getty Images
Cole’s Tuesday released earnings and revenue revenues in the fourth quarter, but its stock fell release Guidance for the coming year is worse than expected.
The company’s shares fell more than 15% in Tuesday’s listing trading.
Cole expects revenue to fall 5% to 7% in 2025 Wall Street According to LSEG, an estimated decrease was 1.6%. The company expects comparable sales to fall by 4% According to StreetAccount, 6% expect analysts to expect a 0.9% drop. According to LSEG, Cole’s expected earnings per share will reach between 10 cents and 60 cents, compared with Midpoint Wall Street’s estimate of $1.23.
According to LSEG’s survey of analysts, retailers are doing what retailers do compared to Wall Street expectations:
- Earnings per share: Adjusted 95 cents, expect 73 cents
- income: $5.18 billion vs. $5.15 billion
Cole has caused great unrest in the past few months. Retailers in November name As of January 15, Tom Kingsbury, the new CEO of Ashley Buchanan, spent two years leading Kohl. In January, the company Announce It has reduced the company’s workforce by nearly 10% and closed 27 underperforming stores by April.
The company’s share price has fallen by more than 50% over the past year.
Cole also became The latest retailers To say it expects turbulent 2025 in 2025 Dick’s Sports Goods Earlier Tuesday. Consumer confidence declinesPresident Donald Trump Tariff Policy and Weak expectations of job growth All raised concerns about a potential recession.
Cole’s Net sales in the fourth quarter were $5.18 billion, compared with $5.71 billion in the same period 2023. Sales for the full year were US$15.39 billion in 2024, down from US$16.59 billion in 2023. The fourth quarter and full year of 2023 are one week longer than their 2024 counterparts.
Sales defined by Kohl as e-commerce and store sales for at least 12 months, down 6.7% year-on-year. According to StreetAccount, Wall Street is expected to drop 6.8%.
Cole reported that in the fourth quarter of 2023, net income was $48 million, or 43 cents per share, compared with net income of $186 million, or $1.67 per share.
Adjusting costs associated with damages and store closures, Cole reported fourth-quarter revenue of 95 cents per share.
