Kohl's (NYSE:KSS) announced that it earned $54 million, or 63 cents per share in the most recent fiscal quarter, down from $201 million, or 69 cents per share, in the same period last year. The drop was attributed to price cuts meant to lure shoppers back into stores.
Gross margin dropped by 2.2 percentage points to 35.9 percent of sales.
Shares are lower in early trading.
Competitor JC Penney (NYSE:JCP) is due to announce earnings on May 15.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.