Shares of Kohl’s (KSS) are tumbling 15% in premarket trading Tuesday after the struggling retailer’s forecasts for fiscal 2025 fell short of analysts’ expectations.
For fiscal 2025, Kohl’s forecast net sales to fall 5% to 7%, comparable sales to fall 4% to 6%, and earnings per share (EPS) between $0.10 and $0.60. Analysts were looking for 2025 net sales to decline by about 2%, comparable sales to decline by 1.83%, and EPS of $1.26, according to Visible Alpha data.
The department store chain’s fourth quarter results were mixed, with profits lagging analysts’ projections. It posted EPS of $0.43 on net revenue of $5.4 billion. (After adjusting for one-time costs like store closures, Kohl’s adjusted EPS of $0.95 topped estimates.) Analysts polled by Visible Alpha had expected $0.71 and $5.38 billion, respectively. Last year, Kohl’s registered profit of $1.67 per share and sales of $5.96 billion.
Comparable store sales fell by 6.7%, a bit better than the 6.9% decline that analysts had projected.
Kohl’s missed estimates last quarter, when its said craft store chain Michaels Cos. CEO Ashley Buchanan would be replacing Tom Kingsbury as chief executive.
Kohl’s shares entered the day down about 55% over the last 12 months, recently hitting their lowest point in five years.
:max_bytes(150000):strip_icc()/GettyImages-2186078905-55069295b9874c32891e973de1d6228a.jpg?w=1200&resize=1200,0&ssl=1&description=Kohl%E2%80%99s+Stock+Tumbles+on+Weak+2025+Sales%2C+Profit+Projections){kind=link}