Article Hero

Kohl's Q1 report is well below expectations

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Kohl’s lost 43% in just three months.

The American department store chain, Kohl's, released its financial report for the first quarter of 2020.

Unlike its peer, Walmart, Kohl’s sales dropped 43.5% during Q1, as the stores closed due to pandemic. It reported an adjusted loss per share of $3.20, and $2.16 billion revenue, marking a significant drop from $3.82 billion the same time last year.

The company didn't disclose the same-store sales quarterly results because the physical locations had to shut down. According to FactSet, the decline is around 31%. 

Kohl’s announced today that more than half of the 1,160 U.S. stores re-opened. 

This year, the stocks lost 63%.  In the pre-market, the stock price initially fell 3% but managed to rebound 1%. USA500 fell by 9%.

Stay updated with the latest market news! Register now!


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?


Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.