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Why Kohl's Stock Sank Today

TheMotleyFool

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Shares of Kohl's Corp (NYSE: KSS) fell on Thursday, finishing the day down 5%. The drop comes as the S 500 and the Nasdaq Composite gained 0.3% and 0.5%, respectively.

The retailer saw its stock spike yesterday after reporting earnings that beat Wall Street's expectations. Shares are retreating today after the initial excitement fades.

Kohl's reported second-quarter earnings per share (EPS) of $0.56 on revenue of $3.35 billion, exceeding consensus targets of $0.29 per share on revenue of $3.32 billion.

Source Fool.com