Kohl’s shares surged over 15% after beating Q2 earnings expectations despite declining sales. The retailer narrowed its full-year sales guidance to a 5-6% drop and adjusted EPS to 50-80 cents. Net income for Q2 was $153 million. Leadership turmoil and revenue declines have impacted Kohl’s market value, now at $1.5 billion. CEO changes include Buchanan’s firing due to vendor deal concerns. Kohl’s also changed vendor payment terms to conserve cash. Sales fell 4.2% in Q2.

Read more at CNBC: Kohl’s (KSS) Q2 2025 earnings