Quick Read – Kohl’s posted $3.3 billion in revenue with less than 1% sales decline, but low-income consumer stress is already pulling McDonald’s and Walmart down too. – Diesel prices have surged over 40% year over year, pushing freight costs higher across 70% of US goods…
ipments and squeezing consumers further. – The Strait of Hormuz blockade is cutting off fertilizer supply chains, driving agricultural prices up as half of Americans already live paycheck to paycheck. – Half of Americans live paycheck to paycheck. Low-end retailer Kohl’s (NYSE: KSS) announced good earnings
Comparable store sales and revenue each dropped less than 1%. That put revenue at $3.3 billion for the most recent quarter. EPS was slightly off at $1.34.
The company lifted guidance. Kohl’s got $150 million from tariff refunds. The trouble at Kohl’s and many other retailers could spread across the economy.