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HomeLifestyle NewsKohl’s Posts Better-Than-Expected Sales as It Looks for New CEO

Kohl’s Posts Better-Than-Expected Sales as It Looks for New CEO

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Kohl’s Corp. jumped after reporting better-than-expected results in the latest quarter, offering some reprieve to the retailer following a tumultuous run of events that included the surprise firing of its top executive.

Comparable sales fell 3.9 percent in the three months ended May 3, slightly better than what analysts were anticipating and outpacing the company’s earlier forecast for a decline between 4 percent and 4.3 percent. Revenue was $3 billion for the quarter, roughly in line…

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