Tuesday, March 5, 2019

Kohl's shares jump on better-than-expected profit and sales during crucial holiday shopping season

Kohl's shares jumped 5 percent Tuesday after the company reported better-than-expected earnings and sales during the crucial holiday shopping season.

Sales at stores open for at least 12 months were also surprisingly improved, rising 1 percent during the fiscal fourth quarter ended Feb. 2 from the previous year.

"With a clear focus on driving traffic and operating with discipline, the company is delivering sales growth while also improving profitability," Kohl's CEO Michelle Gass said in a press release. . . . more