KSS Kohls Corporation

   By Imani Moise 
 

Kohl's Corp. (KSS) reported first-quarter earnings before the opening bell Tuesday. Here's what you need to know:

REVENUE: The retailer reported a surprise increase in sales as revenue rose 3.5% to $4.21 billion. Analysts polled by Thomson Reuters were expecting a 2.8% decline from a year ago.

EARNINGS: Profit also topped views coming in at 64 cents a share on an adjusted basis, up from 39 cents a year ago. Analysts' consensus was 50 cents a share. Including a loss on the extinguishment of debt, the company reported earnings of 45 cents a share.

COMPARABLE SALES: Same-store sales rose 3.6%, compared with a 2.7% increase forecast by Consensus Metrix.

GUIDANCE: The company now expects full-year adjusted earnings of $5.05 to $5.50 a share, compared with its prior guidance of $4.95 to $5.45.

STOCK MOVE: Shares, up 21% so far this year, jumped another 5.4% to $69 during premarket trading.

Write to Imani Moise at imani.moise@wsj.com

(END) Dow Jones Newswires

May 22, 2018 08:29 ET (12:29 GMT)

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