Kohl’s Says Shoppers Want More Value; Lindt Tumbles After Cutting Guidance; Beyond Meat Drops 'Meat' From Name
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Kohl’s (KSS) reported worse-than-expected sales for last quarter, as the retailer continues to struggle to revive years of declining results.Comparable sales fell 2.8% in the period during the Christmas shopping season, more than twice that decline of the average analyst estimate. - Lindt & Spruengli (LISP SW) fell by the most in almost 20 years after the Swiss chocolatier lowered its full-year sales guidance, citing geopolitical turmoil. The company’s participation certificates tumbled by…
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