Kohl's: Q1 loss well above estimates

(CercleFinance.com) - Kohl's has posted a Q1 adjusted net loss of 3.
20 dollars per share, compared to adjusted EPS of 61 cents a year earlier, while the consensus expected a loss of just half this level.

The department store retail chain saw its gross margin drop to less than half its previous level to 17.3%, with its sales falling by 40.6% to 2.43 billion dollars. However, it has positive operational cash flow thanks to measures taken against Covid-19.


Copyright (c) 2020 CercleFinance.com. All rights reserved.