NEW ORLEANS, Oct. 18, 2022 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they have until November 1, 2022 Lead plaintiff motions in a securities class action lawsuit against Kohl’s Corporation (NYSE: KSS) if they purchased the Company’s securities between October 20, 2020 and May 19, 2022 inclusive (the “Class Period”). This lawsuit is pending in the United States District Court for the Eastern District of Wisconsin.

What you can do

If you have purchased Kohl’s stock and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you can contact KSF Managing Partner Lewis Kahn toll-free at no obligation or cost to you at 1-877-515-1850 or email ([email protected]) or visit us https://www.ksfcounsel.com/cases/nyse-kss/ to learn more. If you wish to be a lead plaintiff in this class action lawsuit, you must file a petition with the court November 1, 2022.

About the lawsuit

Kohl’s and certain of its executives are accused of failing to disclose material information during the class-action period in violation of federal securities laws.

On May 19, 2022, the Company reported disappointing first quarter 2022 financial results, including net sales growth and earnings per share that came in below analysts’ expectations and a cut to its full-year earnings guidance due to “related macro headwinds with the overlap of last year’s stimulus and an inflationary consumption environment.” Then, on May 20, 2022, Macellum Advisors GP, LLC, “a long-term holder of nearly 5% of Kohl’s outstanding common stock,” issued a statement in which it about “[t]the extremely disappointing results of its quarter,” which it attributed to a “flawed strategic plan and inability to execute,” and that “the current board appears to have withheld from shareholders material information about the state…