Kohl's Stock: Buy, Sell, or Hold?
Kohl's (NYSE: KSS) stock jumped 8% on May 24 after it posted its latest earnings report. For the fiscal first quarter of 2023, which ended on April 29, the department store chain's revenue declined 4% year over year to $3.57 billion but still beat analysts' estimates by $200 million. Its net income stayed roughly flat at $14 million, or $0.13 per share, but also comfortably cleared the consensus forecast by $0.54.
Kohl's growth rates seem anemic, but they cleared Wall Street's low bar and indicated it wasn't doomed to become the next Bed Bath & Beyond. But does that earnings beat make Kohl's a worthwhile turnaround play?
Image source: Kohl's.
Source Fool.com
