Kohl's on Tuesday raised its annual profit forecast for the second time this year, as the company banks on new collections and promotions across categories to drive demand while navigating top-level changes.
U.S.-listed shares of the company rose 23% in premarket trading.
The company expects fiscal 2025 adjusted earnings per share to be between $1.25 and $1.45, compared with the prior range of $0.50 to $0.80.
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.