US Stock Market Move | Q3 performance exceeds expectations, Kohl's Department Store (KSS.US) soars over 30%.

On Tuesday, Kohl's (KSS.US) opened with a surge of over 30%, approaching the previous high point for the year in July, reaching $20.78. On the news front, Kohl's announced better-than-expected third-quarter financial results, and raised its annual performance guidance for the second consecutive quarter, signaling that new CEO Michael Bender is helping the struggling retailer get back on track. The financial report showed that the company's Q3 sales fell by 2.8% year-on-year to $3.41 billion, but still exceeded analysts' expectations of $3.32 billion. Comparable store sales fell by 1.7%, much better than the market's expected decline of 3.9%. Looking ahead, the company has significantly raised its adjusted earnings per share forecast for the 2025 fiscal year from the original range of $0.5-0.8 to $1.25-1.45, and has narrowed its annual sales decline forecast from 5%-6% to 3.5%-4%.