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Kohl's delivered earnings above expectations for the third straight quarter, supported by cost management and margin improvement, even as sales declined.
Net income reached $8 million, marking continued profitability.
Gross margin improved to 39.6% compared to 39.1% a year ago.
Adjusted EPS was $0.10 despite a 2.8% decline in net sales.
Michael J. Bender was officially appointed as permanent CEO.
Kohl’s raised its full-year outlook, expecting adjusted EPS between $1.25 and $1.45, supported by operational discipline and improved cash flow.
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