Shares of Kohl's (NYSE: KSS) climbed 10.6% on Thursday after the retailer delivered surprisingly strong third-quarter results.
Kohl's revenue surged 15.6% year over year to $4.6 billion, fueled by a 14.7% rise in comparable sales. People returned to Kohl's stores to buy clothes for work and play, as more companies restarted in-office operations and kids resumed after-school sports.
"Our strategic efforts to transform Kohl's into the leading destination for the active and casual lifestyle continue to build momentum," CEO Michelle Gass said in a press release. "We delivered another quarter of record earnings with both sales and margins exceeding expectations."
Source Fool.com