KSS Aug 2024 12.500 call
- Yahoo Finance
Gap CEO: Operational discipline is fueling a comeback for its long-running brands
Gap CEO Richard Dickson reveals how he is beginning to turn around the long-struggling apparel retailer.
- Yahoo Finance Video
Kohl's stock plunges on surprise loss, guidance cut
Shares of Kohl's (KSS) plunged on Thursday after reporting a surprise loss in the first quarter. The retailer also cut its full-year guidance. In the release, CEO Tom Kingsbury says, "Our first quarter results did not meet our expectations and are not reflective of the direction we are heading with our strategic initiatives." In the video above, Yahoo Finance's Seana Smith and Brad Smith discuss the retailer's struggles. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
- Barrons.com
Ulta Beauty Outshines Kohl’s Ugly Earnings, But Lower Outlook Disappoints
Ulta Beauty reported first-quarter earnings that beat per-share expectations on Thursday, but shares fell in after-hours trading after the beauty retailer lowered its fiscal 2024 outlook. For the quarter ended May 4, Ulta reported adjusted earnings of $6.47 per share on net sales of $2.726 billion, up 3.5% from the year-ago period. The consensus estimate from analysts surveyed by FactSet called for adjusted earnings of $6.25 a share on revenue of $2.72 billion.
