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Benzinga
Benzinga
Business
Wayne Duggan

5 Kohl's Analysts On Bloated Inventory, Guidance Cut: 'Fundamentals Are Likely To Get Worse'

Kohl's Corporation (NYSE:KSS) shares are down 4% on Friday after the company cut its guidance and said inflation is eating into its sales growth.

On Thursday, Kohl's reported second-quarter adjusted EPS of $1.11 on $4.09 billion. Both numbers exceeded consensus analyst estimates of $1.30 and $3.85 billion, respectively. Revenue was down 8.1% from a year ago.

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