Breaking; Kohl's Corporation (KSS) Spike 42% On Earnings Beat

Kohl's Corporation (NYSE: KSS) shares soared Tuesday after the retailer reported a surprise profit and better-than-expected sales, a day after removing the "interim" tag from CEO Michael Bender's title.

The company said Tuesday it earned an adjusted $0.10 per share, well above the $0.19 adjusted loss per share that analysts had projected, according to estimates compiled by Visible Alpha. Revenue came in at $3.58 billion and comparable store sales fell 1.7% from the same time a year ago, each better than Wall Street had anticipated.

The stock gained 43% to finish the session at $22.42, its highest level since July 2024. This marked the second time this year that Kohl's shares gained about 40% in a single trading session. When it last happened in July, the stock seemed to have become the latest meme play, as that surge came in the absence of any news.

Financial Performance
In 2024, Kohl's's revenue was $16.22 billion, a decrease of -7.18% compared to the previous year's $17.48 billion. Earnings were $109.00 million, a decrease of -65.62%.

Analyst Summary
According to 14 analysts, the average rating for KSS stock is "Sell." The 12-month stock price target is $12.54, which is a decrease of -47.01% from the latest price.

About KSS
Kohl's Corporation operates as an omnichannel retailer in the United States. It offers apparel, footwear, accessories, beauty products, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as LC Lauren Conrad, Nine West, and Simply Vera Vera Wang. Kohl's Corporation was founded in 1988 and is headquartered in Menomonee Falls, Wisconsin.