Kohl's Corporation (NYSE:KSS) shares surged more than 23% in early Wednesday trading after the Wisconsin-based department store chain reported second quarter 2025 financial results that exceeded analyst estimates on the both the top and bottom lines.
The company saw its net sales for the quarter fall 5.1% year-over-year to $3.35 billion, but ahead of the LSEG analyst consensus forecast of $3.32 billion.
Kohl’s adjusted earnings per share for the period, meanwhile, came in at $0.56, ahead of Wall Street expectations of $0.29.
“Kohl’s second quarter performance is a testament to the progress we are making against our 2025 initiatives," the company’s interim CEO Michael Bender said in a statement.
“We were able to expand our gross margins, reduce our inventory, and lower our expenses, leading to solid second quarter earnings.”
Kohl’s also revised its full-year adjusted earnings per share guidance to a range of $0.50 to $0.80.
The company added that it expects full-year sales to decline by between 5% and 6% from expectations of a decrease of 5% to 7% previously.