Kohl’s soars premarket as turnaround boosts annual profit outlook
Kohls shares surged nearly 22% premarket after the retailer raised its annual EPS forecast to $1.25-$1.45, up from $0.50-$0.80. The company now expects a smaller sales decline as its turnaround strategy, closing weak stores, refreshing product lines, and expanding private labels shows progress, improving expectations for the full year.