Kohl's stock jumps as slumping retailer says sales trends are improving

Shoppers walk in front of a Kohl's store in Mount Kisco, New York. Scott Mlyn | CNBC Kohl's stock jumped 10% in premarket trading Thursday after the retailer reported its best comparable sales performance in four years. The retailer said its net sales decreased 1.7% and its comparable sales slid 1.1% in its fiscal first quarter as it aims to turn around its business and regain market share. In the prior quarter, Kohl's reported that comparable sales dropped 2.8% from the previous year. Here's how the company performed in its fiscal first quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Loss per share: 13 cents vs. 19 cents expected Revenue: $3 billion vs. $2.99 billion expected For the period ended May 2, Kohl's reported a net loss of $14 million, or 13 cents per share, compared to a net loss of $15 million, or 13 cents per share, the year prior. Revenue declined from $3.05 billion to $3 billion. Kohl's reaffirmed its full-year outlook, expecting net sales and comparable sales to be in a range of down 2% to flat. It expects adjusted earnings per share of between $1 and $1.60. "We are pleased with our start to 2026," CEO Michael Bender said in a statement. "Our key initiatives continue to drive progressive improvements to the business, resulting in our best comparable sales performance in over four years. …