Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Kohl's Stock Is a Risky Bargain After Q2 Earnings Beat

TheMotleyFool

0 0

Kohl's Stock Is a Risky Bargain After Q2 Earnings Beat

The COVID-19 pandemic has hit Kohl's (NYSE: KSS) hard in 2020. Store traffic plunged beginning in March, due to consumers' fears about the virus and the imposition of stay-at-home orders in many regions. E-commerce sales couldn't pick up all of the slack. Moreover, the sudden change in sales trends left retailers with a glut of seasonal inventory that had to be drastically marked down, weighing on gross margin.

That said, Kohl's is in better shape than many other consumer discretionary retailers. And with Kohl's stock plunging 15% on Tuesday despite better-than-feared earnings, the No. 2 U.S. department-store chain looks like an intriguing bargain for risk-tolerant investors.