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Kohl's cuts earnings forecast, predicting a 5-7% revenue decline, leading to a 15% stock drop.
Kohl's lowered its 2025 earnings and sales forecasts, predicting a significant revenue decline of 5-7%, which is worse than Wall Street's expectations.
Despite a strong Q4 with earnings of $0.95 per share, surpassing estimates, the company's stock fell over 15% in premarket trading due to the pessimistic outlook.
Kohl's also cut its dividend by 75%, and its shares have dropped 55.7% over the past year, underperforming the S&P 500.
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Kohl reduce las ganancias previstas, prediciendo un descenso de los ingresos del 5 al 7%, lo que conduce a una caída de las acciones del 15%.