Kohl’s (KSS) earnings Q4 2022


People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California.

Liu Guanguan | China News Service | Getty Images

Kohl’s on Wednesday posted a big, surprising loss and a sales decline of about 7% in the holiday quarter.

Its latest results come as the retailer copes with years of lagging sales, which have drawn attention from activist investors and contributed to a recent leadership shakeup.

Kohl’s also sees more lackluster sales ahead. It shared a weak outlook for the year. It said it anticipates net sales to range between a decline of 2% and a decline of 4%, including the impact of the 53rd week of the year that is worth about 1% year…

Source cnbc.com

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