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科尔百货转型初见成效,上调年度利润目标

Core Viewpoint - Kohl's has raised its annual profit forecast while undergoing a transformation to control costs and regain consumer interest during the critical holiday shopping season, resulting in a 15% increase in its stock price during pre-market trading [1] Financial Performance - Kohl's now expects annual earnings per share (EPS) to be between $0.50 and $0.80, compared to a previous forecast range of $0.10 to $0.60 [1] - The company reported a second-quarter adjusted EPS of $0.56, significantly exceeding market expectations of $0.29 [1] Operational Changes - Earlier this year, Kohl's closed an e-commerce fulfillment center in Ohio and scaled back its in-store jewelry business while reducing inventory of its private label products [1] - During the quarter ending August 2, same-store sales decreased by 4.2%, which was less than the market expectation of a 5% decline [1] Management Commentary - Michael Bender, the interim CEO of Kohl's, stated that the company successfully expanded gross margins, reduced inventory, and lowered expenses, leading to solid profitability in the second quarter [1]