Kohl's Stock Is Sliding Monday: What's Going On?

Kohl's Corp KSS shares are trading lower Monday. The company announced a management transition. 

What Happened: In a new regulatory filing, Kohl's announced that president and COO Dave Alves has departed the company, effective Nov. 17. Alves joined Kohl's in February of this year. 

Kohl's is scheduled to report third-quarter financial results before the market opens on Tuesday. According to Benzinga Pro, the company is expected to report quarterly earnings of 33 cents per share on revenue of $4.111 billion. 

Kohl's beat analyst estimates on both the top and bottom line in the first two quarters of 2023. Analysts have an average price target of $35.62 on Kohl's shares.

See Also: What's Going On With Microsoft Stock Monday?

KSS Price Action: Kohl's shares were down 1.76% at $25.11 at the time of publication, according to Benzinga Pro.

Photo: Mike Mozart from Flickr.