Kohl's Lifts FY Profit Guidance to $1.80-$2.40, Restarts $100M Buyback
KSS sits 56% above its 52-week low of $11.38 on elevated volume (1.8× avg).
Summary
Kohl's Q2 sales fell 0.9% to $3.3B, but the company raised full-year adjusted EPS guidance to $1.80-$2.40 from $1.00-$1.60, citing $150M in tariff refunds. It also improved sales guidance to flat to -1.5% and restarted share repurchases up to $100M. This follows the earlier comparable-sales report and the 8-K filed this morning; the guidance lift and buyback are new material details. Shares fell 7.5% pre-market despite the raised outlook, likely reflecting the sales decline. Watch for management commentary on the earnings call regarding the sustainability of the improved guidance.
At the time of this announcement, KSS was trading at $17.70 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2B. The 52-week trading range was $11.38 to $25.22. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ShareCast.