Pivotal Point Tracking Kohl's (KSS): Profit forecast doubled to up to $1.45 and CEO appointment triggers a 42% stock surge!
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Kohl's is a U.S. retailer that sells clothing, shoes, and home goods through its department stores and online platforms. On November 25, the stock marked a pivotal point, soaring over 42% after the Q3 numbers were released. Despite a slight decline in revenue to $3.4 billion, the company crushed expectations. Instead of a projected loss of $0.18 per share, an adjusted profit of $0.10 was achieved. At the same time, the board appointed Michael J. Bender as the permanent CEO, which provided additional strategic clarity. Kohl's benefits from strict...
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