Can you buy stocks with Kohl's Cash?
Department store chain Kohl's (KSS) - Get Kohl's Corporation (KSS) Report reported net income of $247 million, or $1.55 a share on revenues of $4.43 billion on Tuesday. Comparable same-store sales dropped 2.9% versus. a gain of 3.1% in the same period last year.
While the report was far from pristine, it beat Wall Street's expectations, leaving the stock up more than four percent in early trading. "We are confident that our upcoming brand launches, program expansions, and increased traffic from the Amazon returns program will incrementally contribute to our performance during the balance of the year and beyond," CEO Michelle Gass said in a statement.
Is this the turnaround moment Real Money Stock of the Day Kohl's has been looking for or is the report simply better than feared?
Catch Jim Cramer's take in the clip above from TheStreet's daily Cramer Live Show.
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