Editor
Kohl’s Corp. shares sank after the company slashed full-year earnings and sales guidance for the second straight quarter as inflation suppresses demand and costs continue to climb.
The department-store chain now expects earnings per share, excluding some items, in the range of $2.80 to $3.20. Kohl’s had already cut its forecast in May, telling investors to expect $6.45 to $6.85.
Net sales for the year are projected to decline 5 percent to 6…
