Kohl’s Corporation (KSS) shares are down 4% on Friday after the company cut its guidance and said inflation is eating into its sales growth.
Difficult Margin Outlook: Telsey Advisory Group analyst Dana Telsey said Kohl’s need for promotional activity doesn’t bode well for its margin outlook. “Promotional activity looks to weigh on margins in the back half of the year as the company moves through elevated inventory, while ongoing investments in strategic initiatives adds incremental expense as well,” Telsey wrote.
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