Department store chain Kohl's lifts annual profit forecast

Kohl's raised its annual profit forecast on Wednesday, as the U.S. department-store chain benefits from its turnaround efforts to tighten inventory management and boost demand for its high-end apparel and beauty offerings.

The company now expects fiscal 2026 adjusted earnings per share between $1.80 and $2.40, compared with its prior range of $1.00 and $1.60.