Kohl’s sees increased traffic to stores, beats expectations
March 3, 2020
Shares of Kohl’s stock were up seven percent in premarket trading after the chain reported that it saw traffic increase to stores in the fourth quarter with an assist from its partnerships with Amazon.com. The chain’s same-store sales were flat, better than the 0.11 percent decline that Wall Street expected. Kohl’s earnings per share also beat expectations coming in at $1.99, better than the $1.88 consensus.
Recent News
Shopify’s Stock Plummets 19% After Earnings Report
Shopify, the Canadian e-commerce company, faced a significant drop in its stock value after releasing its first-quarter results.
Peloton Stocks Soar 14% Amidst Potential Private Equity Buyout
Peloton has been struggling since the pandemic ended. Now, it may be getting a reprieve.
Panera Halts Sales of ‘Charged Sips’ at Heart of Lawsuits
Panera’s Charged Sips allegedly caused two deaths, and now they’re being pulled from the chain’s menus.
Rivian’s Losses Reach $1.45 Billion Amid Ongoing Cost-Reduction Efforts
In the first quarter, Rivian reported a loss of $1.45 billion, showing that its recent efforts to cut costs across the company will need further progress before turning over profits.