KohlsNYSE: KSS

[Note: Kohl's fiscal year 2023 ended February 3, 2024]

Wisconsin-based department store giant Kohl's will not sponsor any events related to the Republican National Convention in Milwaukee this July. Kohl's is one of the few big companies in Wisconsin that's opted out of the convention in Milwaukee.

Department store operator Kohl's Co. NYSE: KSS shocked investors by reporting a loss of 24 cents versus expectations of a profit of 5 cents in its first quarter 2024 earnings report. To compound matters, the company also trimmed its full-year EPS forecasts.

Khol's stock was trading at around $20.70 a share -- on track for its lowest value since November.

Shares of Kohls Corp. plunged as much as 25% on Thursday after the retailer reported a surprise loss in the first quarter and cut its forecast for the year.

Kohl's (KSS) first-quarter fiscal 2024 results reflect soft comparable sales. Management curtails the 2024 view due to a drab Q1 and uncertainty in the consumer landscape.

Slightly higher jobless claims and a deeper gouge on the domestic trade balance in goods round out a busy morning for data.

Kohl's Corporation (NYSE: KSS) experienced a significant drop in its stock value on Thursday, tumbling more than 26% following the release of its first-quarter earnings. The company reported an unexpected loss of $0.24 per share, sharply contrasting with the expected earnings of $0.04 per share and last year's profit of $0.13 per share.

Although the revenue and EPS for Kohl's (KSS) give a sense of how its business performed in the quarter ended April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.