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Kohl’s raises FY25 adjusted EPS view to 50c-80c from 10c-60c, consensus 63c

Narrows FY25 revenue view to down 5%-6% from down 5%-7%. Narrows FY25 comparable sales view to down 4%-5% from down 4%-6%. Sees FY25 capital expenditures $400M. “In addition to our top line progress, we managed the business with great discipline in the quarter. We were able to expand our gross margins, reduce our inventory, and lower our expenses, leading to solid second quarter earnings. I continue to be impressed with our entire team at Kohl’s (KSS) and am thankful for all their hard work,” Bender continued.

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