Kohl’s Corporation (KSS) Stock Surges 34% After Strong Q3 Results and CEO Appointment
Kohl’s Corporation (KSS) shares skyrocketed 34.27% to $21.12 following robust third-quarter earnings and the appointment of new CEO Michael J. Bender. Despite a 2.8% decline in net sales to $3.4 billion and a 1.7% drop in comparable sales, the company demonstrated operational resilience. Gross margin expanded by 51 basis points to 39.6%, while SG&A expenses fell 2.1%. Operating income reached $73 million, with adjusted figures at $77 million.
The retailer’s cash FLOW turned positive with a $124 million gain, signaling improved financial health. Kohl’s revised its 2025 outlook, anticipating continued sales declines but stable profitability. Bender’s leadership is expected to navigate the company through challenging retail headwinds, with markets responding enthusiastically to the strategic progress.
