FILE - A pair of shoppers arrive at a Kohl's, Nov. 26, 2021, in Everett, Mass. Kohl’s posted a surprise profit for the fiscal first quarter, helped by the department store chain’s moves to reduce inventory in the wake of weak sales. The company, based in Menomonee Falls, Wisconsin, also confirmed its annual financial guidance, pushing up shares higher in premarket trading on Wednesday, May 24, 2023.
Kohl's reports surprise profit in 1Q helped by inventory cuts
Kohl’s posted a surprise profit for the fiscal first quarter, helped by the department store chain’s moves to cut inventory in the wake of weak sales
FILE - A pair of shoppers arrive at a Kohl's, Nov. 26, 2021, in Everett, Mass. Kohl’s posted a surprise profit for the fiscal first quarter, helped by the department store chain’s moves to reduce inventory in the wake of weak sales. The company, based in Menomonee Falls, Wisconsin, also confirmed its annual financial guidance, pushing up shares higher in premarket trading on Wednesday, May 24, 2023.
NEW YORK (AP) — Kohl's posted a surprise profit for the fiscal first quarter, helped by the department store chain's moves to cut inventory in the wake of weak sales.
The company, based in Menomonee Falls, Wisconsin, also affirmed its annual financial guidance, pushing up shares 11% higher in premarket trading on Wednesday.
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