Stock Track | Kohl's Shares Plunge 5% After Hours as CEO Kingsbury Plans to Step Down

Stock Track11-26

Shares of Kohl's Corporation (KSS) dropped sharply in the after-hours trading session on Monday, falling over 5% following an announcement that CEO Tom Kingsbury plans to leave the company effective January 15, 2025.

The surprise leadership change comes ahead of Kohl's upcoming Q3 2025 earnings report scheduled for Tuesday morning. Kingsbury has served as CEO since 2017 and guided Kohl's through a challenging period of shifting consumer spending patterns and rising competition from e-commerce giants.

Investors reacted negatively to the news, driving Kohl's stock down 5.07% to $21.67 per share in after-hours trading on Monday evening. The CEO transition creates uncertainty for the department store chain as it heads into the crucial holiday shopping season and 2025 calendar year.

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