- Kohl’s has had a challenging year marked by leadership turmoil and declining sales. But its second-quarter earnings report surprised analysts. In Q2, Kohl’s posted adjusted earnings per share of $0.56, significantly exceeding the expected $0.30, leading to a nearly 20% surge in its stock price. Yet net sales declined by 5.1%, and comparable store sales fell 4.2%, reflecting ongoing consumer spending pressures.
Kohl’s has had a rocky year, so it was due for at least a little bit of good news.
