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Kohl’s Misses Holiday-Quarter Sales Expectations

Kohl's retail storefront | Source: Shutterstock — Kohl’s Corp missed quarterly sales estimates due to the Omicron variant surge and supply chain snarls during the holiday season. (Shutterstock)

Reuters

01 March 2022

US department store chain Kohl’s Corp missed quarterly sales estimates on Tuesday due to the Omicron variant surge and supply chain snarls during the holiday season.

Net sales rose to $6.22 billion in the fourth quarter ended Jan. 29, from $5.88 billion a year earlier. Analysts on average expected a figure of $6.54 billion, according to Refinitiv data.

By Deborah Sophia; Editor: Aditya Soni

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