Kohl’s Stock Surges Over 20% Following Strong Earnings Beat

Kohl’s shares surged over 20% after reporting second-quarter earnings that beat Wall Street expectations, despite a decline in sales and ongoing CEO changes. Net income rose to $153 million ($1.35 per share) from $66 million a year ago, while net sales fell from $3.53 billion. The company narrowed full-year sales guidance to a 5–6% decline and adjusted earnings per share to 50–80 cents. Leadership instability has been a challenge, with multiple CEO changes in recent years. Interim CEO Michael Bender highlighted cost reductions, inventory management, and customer engagement. Kohl’s continues to expand departments, enhance exclusive merchandise, and revamp promotions to boost sales.