Why Kohl's Stock Is Trading Higher Today

Benzinga2021-08-19

Kohl's Corp (NYSE:KSS) is trading higher Thursday after the company announced better-than-expected second-quarter financial results and raised guidance.

Kohl's reported quarterly revenue of $2.48 per share, which beat the estimate of $1.16 per share. The company reported quarterly revenue of $4.45 billion, which beat the estimate of $3.99 billion.

Kohl's raised its full-year 2021 earnings guidance from a range of $3.80 to $4.20 per share to a range of $5.80 to $6.10 per share.

Kohl's also announced plans to repurchase $500 million to $700 million of its shares.

"We are on the eve of launching several transformational partnerships that will drive sustainable growth for years to come,” said Michelle Gass, CEO of Kohl’s.

Price Action: Kohl's has traded as high as $64.80 and as low as $18.28 over a 52-week period.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

peterob1
2021-08-19
peterob1
Up
- Btdj:
  Up up up
- peterob1:
  Up up
PAng
2021-08-19
PAng
Like and comment
- sarahtjm:
  okay
- PAng:
  Like and comment
Adollar
2021-08-19
Adollar
Please like
- Bubble5728:
  Ok
Suba
2021-08-19
Suba
Hmm
RuyiOng
2021-08-19
RuyiOng
OK
Rehs
2021-08-19
Rehs
Like
- RuyiOng:
  OK

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