Kohl’s shares tumble despite the retailer’s strong sales beat and hiked outlook

Finance

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Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky.
Luke Sharrett | Bloomberg | Getty Images

Kohl’s on Thursday reported first-quarter earnings and sales that topped analysts’ estimates, and raised its outlook for the full year.

Its stock jumped more than 1% in early trading.

Here’s how the company did for the quarter ended May 1, compared with what analysts were anticipating, based on a Refinitiv survey:

  • Earnings per share: $1.05 adjusted vs. 4 cents expected
  • Revenue: $3.89 billion vs. $3.48 billion expected

Find the earnings press release from Kohl’s here.

This story is developing. Please check back for updates.

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