Kohl’s Stock Falls After Narrower-Than-Expected Loss. What We Know About Earnings.
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Kohl’s stock was falling Thursday even after the embattled retailer posted a narrower-than-expected loss in its first quarter and reaffirmed earnings and revenue guidance for the rest of the fiscal year. Comparable-store sales declined 3.9%. Kohl’s shares jumped to start the day, with trading on the stock momentarily paused due to volatility, but those gains soon evaporated.
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