Kohl's Corporation (KSS) jumped 36.41%, rising $5.73 to $21.46, after reporting third-quarter results that topped expectations and issuing upgraded full-year guidance.
For the third quarter, net sales decreased 2.8 percent to $3.4 billion, while comparable sales declined 1.7 percent. However, gross margin improved by 51 basis points to 39.6 percent. The retailer also delivered adjusted EPS of $0.10, surpassing analyst expectations of a loss.
On the outlook, Kohl's raised its fiscal 2025 adjusted EPS guidance to $1.25-$1.45, up from $0.50-$0.80, and narrowed its net sales decline estimate to 3.5%-4%, from 5%-6%.
On the day of the announcement, KSS experienced unusually heavy trading volume as investors responded to the stronger-than-expected results and renewed confidence in the turnaround plan. The stock's 52-week range is approximately $9.80 - $22.50.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.