Kohl’s Corp. KSS, -1.09% reported second-quarter net income totaling $382 million, or $2.48 per share, up from $47 million, or 30 cents per share, last year. Sales of $4.223 billion were up from $3.213 billion last year. The FactSet consensus was for EPS of $1.26 and sales of $3.959 billion. Kohl’s now expects full-year sales to increase in the low-twenties percentage range up from previous guidance for a rise in the mid-to-high teens percentage range. The retailer forecasts for adjusted EPS in the range of $5.80 to $6.10, up from previous outlook for $3.80 to $4.20. The FactSet consensus is for sales of $18.123 billion, implying an increase of 20.6%, and EPS of $4.45. Kohl’s shares slipped 0.7% in Thursday premarket trading but have gained 27.4% for the year to date. The S&P 500 index SPX, -1.07% is up 17.2% for 2021 so far.
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