Is Kohl's Stock a Buy?
Kohl's (NYSE: KSS) stock price tumbled 8% on Aug. 18 after the retailer posted its second-quarter earnings report. Its revenue declined 8% year over year to $4.09 billion, but it still beat analysts' estimates by $180 million. However, its adjusted net income plunged 63% to $143 million, or $1.11 per share, which missed the consensus forecast by a penny.
Kohl's also reduced its full-year forecast across the board. It had previously expected its revenue to rise 0%-1%, its operating margin to come in at 7%-7.2%, and for its adjusted EPS to decline 7%-12%. But now it expects its full-year revenue to decline 5%-6%, its operating margin to slip to 4.2%-4.5%, and for its adjusted EPS to plummet 56%-62%.
Image source: Kohl's.
Source Fool.com
