Kohl's shares are trading higher after the company reported better-than-expected Q1 total revenue results and reaffirmed FY23 outlook.
Portfolio Pulse from Benzinga Newsdesk
Kohl's reported better-than-expected Q1 total revenue results and reaffirmed its FY23 outlook, leading to a rise in its share price.
May 24, 2023 | 12:18 pm
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POSITIVE IMPACT
Kohl's shares are trading higher due to better-than-expected Q1 total revenue results and a reaffirmed FY23 outlook.
Kohl's reported better-than-expected Q1 total revenue results, which is a positive indicator for the company's performance. Additionally, the reaffirmed FY23 outlook provides confidence in the company's future prospects, leading to a positive short-term impact on its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100