Kohl's Corp. (NYSE: KSS) delivered first-quarter results last week that were better than Wall Street had feared. While sales still declined and Kohl's posted a loss for the quarter, the retailer delivered its best comparable sales performance in more than four years and topped analyst expectations on both earnings and revenue.
The report sent shares soaring, fueling optimism that the retailer's multiyear turnaround effort may finally be gaining traction.
