Kohl’s Jumps on Outlook Boost in Sign of Consumer Resilience

Kohl’s Corp. shares surged after it offered a more optimistic full-year sales outlook, the latest indication that consumer spending hasn’t yet run out of steam.

The company now expects comparable sales to fall no more than 5 percent this year, an improvement from its prior forecast that sales would decline as much as 6 percent. The company also reported second-quarter sales that were better than Wall Street estimates.

Retailers continue to point to sales momentum from US shoppers shrugging…