Kohl’s ($KSS@US) shares dropped in Wednesday’s premarket trading after the retailer missed earnings and revenue for the fourth quarter. Earnings per share were $2.49 versus the 98 cents expected, and revenue was $5.78 billion versus the $5.99 billion expected. Kohl’s also shared a weak outlook for the year, as it expects net sales to range between a decline of 2 percent and a decline of 4 percent. Former CEO Michelle Gass resigned in November after Ancora Holdings and Macellum Advisors questioned Kohl’s turnaround strategy, pushed for improvement to its sales trends, and called for new leadership. CEO Tom Kingsbury stated that the company’s efforts would drive improved sales and earnings performance over the long term.