Why Kohl's Shares Are Jumping Today
Portfolio Pulse from Shivani Kumaresan
Kohl's Corp (NYSE:KSS) reported a 4% YoY decline in Q1 FY23 sales to $3.57 billion, beating the consensus of $3.34 billion. EPS of $0.13 surpassed the consensus of $(0.42). The company's board declared a quarterly cash dividend of $0.50 per share. Kohl's shares are trading higher by 11.88% at $21.56 in premarket.
May 24, 2023 | 11:59 am
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Kohl's Q1 FY23 sales and EPS beat consensus, leading to an 11.88% increase in premarket trading.
Kohl's reported better-than-expected Q1 FY23 sales and EPS, which positively impacted its stock price. The company's strong performance and the announcement of a quarterly cash dividend of $0.50 per share have increased investor confidence, leading to an 11.88% increase in premarket trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100