Kohl's: Throw Away Year
- 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 () is a prime exampleinvestment thesis