Earnings

Kohl’s (KSS) reports Q1 2022 earnings

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Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California.

Justin Sullivan | Getty Images News | Getty Images

Kohl’s on Thursday said final and fully-financed bids from potential buyers are expected in the coming weeks, as the retailer faces heightened pressure from activists to sell.

Chief Executive Officer Michelle Gass said Kohl’s has been “pleased with the number of parties who recognize the value of our business and plan.”

But the company’s stock slid 5% in premarket trading after the retailer posted a massive earnings miss for its fiscal first quarter and slashed its profit and sales outlook for the year. Gass, in a press release, said that 2022 started out below…



Source cnbc.com

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