The retail chain is boosting investment to 'fuel growth and customer acquisition' during the holiday season, CEO Michelle Gass said in the report.
Kohl's stock tanked as much as 13% in early trading on Tuesday after the missing third-quarter expectations and cutting its full-year earnings forecast for the second time in 2019. The company's adjusted earnings per share, total sales, and comparable sales growth fell below Wall Street's estimates. The retail chain will bolster investment to take advantage of the holiday season sales boom, CEO Michelle Gass said in the Tuesday report. Watch Kohl's trade live here.
Kohl's stock tanked as much as 13% in early trading on Tuesday after the missing third-quarter expectations and cutting its full-year earnings forecast for the second time in 2019. The company's adjusted earnings per share, total sales, and comparable sales growth fell below Wall Street's estimates. The retail chain will bolster investment to take advantage of the holiday season sales boom, CEO Michelle Gass said in the Tuesday report. Watch Kohl's trade live here.
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