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Kohl's: Throw Away Year

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  • Kohl's reported a mixed FQ2'22, but the company gutted FY22 guidance.
  • The department store retailer only forecasts a FY22 EPS of $3.
  • The stock trades at below 5x a more normalized EPS target when the macro situation improves.
While hopes existed that the retail sector would maintain most of the sales from covid boosts, a lot of retailers outside of food and gas aren't faring very well. Kohl's (NYSE:KSS) is a prime example of a retailer failing to match elevated profits from 2021 leading to the stock actually trading lower now despite improvements in the actual business during the period. My investment thesis is ultra Bullish on the stock trading in the low $30s, as investors just have to throw away the results for the rest of the year.

Read the full article on Seeking Alpha. 

Disclaimer: Long KSS. Please review the disclaimer page for more details. 

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