Kohl's Corp (KSS) - Get Report stock surged over 3% premarket after the retailer announced Q2 earnings of $1.24 per share, beating the FactSet analyst consensus of $1.19 per share and jumping 60% from the same period last year.
Same store sales rose 0.4% compared to last year. Overall sales totaled $4.14 billion, down from $4.18 billion in the second quarter of 2016.
Kohl's CEO Kevin Mansell said foot traffic "accelerated" in the second quarter. The company closed the second quarter with 1,154 stores in the U.S., versus 1,150 stores during the same time last year.
Kohl's stock is down 15% so far this year versus the S&P 500's 11% gain.
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