Kohls is getting whacked after missing earnings

    Kohl’s shares are down 8.75% to $37.22 on Thursday after the company’s earnings report. The company reported earnings of $0.70 per share, which was lower than the $0.72 per share expected by Wall Street, according to Bloomberg. Revenue came in above expectations, at $4.332 billion vs. expectations in $4.299 billion. Recent hurricanes led to store closures in the affected areas, which put a damper on the company’s sales. Costs also increased, which lessened the impact of the first comparable-store sales increase in seven quarters. Kohls is down 25.14% this year.

Read more about the company’s earnings.

Kohls stock price

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Markets Insider