By Suzanne Kapner
Add Kohl's and Dick's Sporting Goods to the list of consumer-facing companies warning about slowing spending by American households this year:
-- Kohl's, which is under a new chief executive, expects sales to fall 5% to 7% in 2025, and earnings per share to come in between 10 cents and 60 cents-down from 98 cents last year. Shares in the department-store chain fell nearly 16% in premarket trading.
-- Dick's forecast earnings well below Wall Street's targets, citing economic uncertainty. It put fiscal-2025 earnings between $13.80 to $14.40 a share, versus analysts' estimates of around $14.82. Shares in the sporting-goods chain slipped about 4% premarket.
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(END) Dow Jones Newswires
March 11, 2025 08:18 ET (12:18 GMT)
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