Why Kohl's Stock Is Trading Higher Today

Kohl's Corp KSS is trading higher Thursday after the company announced better-than-expected second-quarter financial results and raised guidance.

Kohl's reported quarterly revenue of $2.48 per share, which beat the estimate of $1.16 per share. The company reported quarterly revenue of $4.45 billion, which beat the estimate of $3.99 billion. 

Kohl's raised its full-year 2021 earnings guidance from a range of $3.80 to $4.20 per share to a range of $5.80 to $6.10 per share.

Kohl's also announced plans to repurchase $500 million to $700 million of its shares.

"We are on the eve of launching several transformational partnerships that will drive sustainable growth for years to come,” said Michelle Gass, CEO of Kohl’s.

Price Action: Kohl's has traded as high as $64.80 and as low as $18.28 over a 52-week period.

At last check Thursday, the stock was up 7.4% at $55.66.

Photo by Mike Mozart from Flickr.