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Kohl’s reports first quarter 2019 earnings

Kohl's reports first quarter 2019 earnings

FINANCIAL NEWS

Kohl’s reports first quarter 2019 earnings


People approaching Kohl’s department store in Mount Kisco, New York.

Scott Mlyn | CNBC

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.



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