Kohl’s stock soars as a sales beat, affirmed outlook soothes some tariff fears

Kohl’s Corp. shares rallied Thursday, after the discount department-store chain’s first-quarter revenue topped Wall Street’s expectations, losses were narrower than feared and the full-year outlook was affirmed, to soothe some worries over the impact of tariffs.

Kohl’s

KSS net sales for the quarter to May 3, fell 4.1% from the same period a year ago to $3.05 billion, but was above the average analyst revenue estimate compiled by FactSet of $3.02 billion.