Kohl’s reports first quarter 2019 earnings

Kohl’s on Tuesday reported mixed earnings for the first quarter but trimmed its outlook for the full year, sending shares tumbling more than 10%.

The retailer for the first time in two years also missed same-store sales expectations.

CEO Michelle Gass said the year “started off slower than we’d like.”

Kohl’s stock was last down more than 10.5% in premarket trading on the news, having fallen about 1.2% over the past 12 months.

This is a developing story. Please check back for updates.