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Kohl's Q1 results show a decline in total sales by 5.3% and comparable sales by 4.4%, with a net income loss of $27 million. The company attributes the poor performance to unattractive stores and merchandise, leading customers to shop elsewhere. Best Buy also faces challenges, with a decline in comparable sales by 6.1% and a decrease in revenue. Both companies provide weak guidance for the future, impacting their stock prices.
$KSS Kohl's misses and offers weak FY guidance. -20% pre-mkt https://t.co/bjdUhmYOKT
$KSS Earnings: - Diluted loss per share of $0.24 - Net sales decreased 5.3% year-over-year, to $3.2 billion, with comparable sales down 4.4% - Gross margin as a percentage of net sales was 39.5%, an increase of 48 basis points. - Operating income was $43 million compared to $98… https://t.co/sup2ffxgpL
$BBY Earnings: - Enterprise Revenue: $8.84 billion - GAAP Diluted EPS Increased 2% to $1.13 - Non-GAAP Diluted EPS Increased 4% to $1.20 - Comparable Sales Declined 6.1% -FY25 Non-GAAP Diluted EPS Guidance Range of $5.75 to $6.20 Unchanged “Today we are reporting… https://t.co/5gq6tUwlrj