Kohl’s Q2 profit surpasses expectations, lifts outlook, shares jump 20%. EPS of $0.56 beat estimates, revenue down 5% to $3.35 billion. Comparable sales drop 4.2%, less than expected 4.75%. Gross margin rises to 39.9%, SG&A expenses cut 4.1%, inventory reduced to $3.0 billion. CEO credits progress to 2025 initiatives.

Full-year revenue expected to decline 5-6%, adjusted EPS guidance of $0.50 to $0.80 exceeds predictions. Shares reach nine-month high after Wall Street Bets chatter. Kohl’s turnaround efforts show positive results, boosting stock performance and investor confidence. TradingView.

Read more at Yahoo Finance: Kohl’s Stock Soars 20% as Struggling Retailer Says Turnaround Effort Is Working