Kohl’s shares up in pre-market buying and selling after sturdy Q3 gross sales

MENOMONEE FALLS, Wis. – Shares of Kohl’s rose practically 9% in premarket buying and selling after the corporate posted a 3rd quarter web gross sales improve of 15.5% for the quarter ending Oct. 30, 2021.

Income for the quarter got here in at $4.6 billion versus anticipated income of $4.27 billion.

Kohl’s additionally posted file third quarter earnings per share of $1.65 in comparison with adverse .08 cents within the third quarter of final 12 months.

The corporate has revised its steerage for the fourth quarter with web gross sales anticipated to extend within the mid-twenties % vary in comparison

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