Kohl's Corporation (KSS) announced its third-quarter earnings, revealing a decline compared to the previous year and falling short of Wall Street expectations.
The company's earnings amounted to $22 million, translating to $0.20 per share, a decrease from last year's $59 million, or $0.53 per share for the same period.
According to data from Thomson Reuters, analysts had anticipated earnings of $0.27 per share, with their estimates generally excluding any special items.
For this quarter, the company's revenue experienced an 8.7% drop, decreasing to $3.507 billion compared to $3.843 billion in the prior year.
Key financial highlights for Kohl's Corporation (GAAP) for the third quarter are as follows:
- Earnings: $22 million, down from $59 million last year.
- Earnings per Share (EPS): $0.20, compared to last year's $0.53.
- Revenue: $3.507 billion, down from $3.843 billion last year.
**Guidance:**
The company maintains its full-year EPS guidance, projecting between $1.20 and $1.50.
