Why Kohl's, Gap, Macy's, and Other Department Store Stocks Are Down Today
Several department store and apparel chain operators were trading lower on Tuesday morning after Kohl's (NYSE: KSS) reported a larger-than-expected loss for the quarter that ended on May 2.
Here's where things stood as of 11:00 a.m. for these five retailers' stocks, relative to their closing prices on Monday.
Kohl's reported its fiscal first-quarter earnings before the market opened on Tuesday, and they weren't quite what Wall Street had expected. In the three months that ended on May 2, Kohl's lost $541 million, or $3.20 per share on a non-GAAP (adjusted) basis, on revenue of $2.43 billion.
Source Fool.com
