Kohl's posts best sales growth in 4 years despite revenue drop, beats earnings estimates.

Kohl's reported its best comparable sales growth in four years, with a 1.1% decline compared to a larger drop last quarter, signaling progress in its turnaround efforts. Despite a 1.7% decrease in net sales to $3 billion, the company beat Wall Street expectations on revenue and loss per share, reporting a smaller net loss of $14 million. Kohl's reaffirmed its full-year outlook, expecting net sales and comparable sales to be down 2% to flat, and adjusted earnings per share between $1 and $1.60. CEO Michael Bender highlighted improved business discipline, cleaner inventories, and a stronger balance sheet as key factors behind the positive momentum.