Kohl's Stock Surges on Best Sales in Four Years
Kohl's reported a fiscal first-quarter loss of 13 cents per share, beating analyst expectations of a 19-cent loss. The department store chain's comparable sales rose for the first time in four years, marking its best sales performance in that period. The news sent Kohl's stock surging.
Key facts
- Kohl's lost 13 cents per share in fiscal Q1
- Analysts expected a loss of 19 cents per share
- Comparable sales were the best in four years
- Stock surged after earnings report
Entities
Institutions
- Kohl's
Sources
- Quartz —