Thursday, May 20, 2021

Kohl's Swings To Profit In Q1; Results Top Estimates

Department store chain Kohl's Corp. on Thursday reported a profit for the first quarter compared to a steep loss last year, boosted by improved margins, lower expenses and higher revenues. Adjusted earnings per share and revenues came in well above analysts' expectations. The company also raised its earnings and net sales growth guidance for the full-year 2021,based on the first quarter results.

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