Kohl’s Stock Soars on Earnings. How It Pulled Off the Huge Beat.

It was a huge surprise, given a report from Bloomberg just before Tuesday’s close that the retailer was late paying some vendors, one that it pulled off with a combination of cost cutting and lower inventory. Kohl’s reported adjusted earnings of 56 cents a share, topping consensus estimates for 30 cents a share, according to FactSet. Kohl’s also tweaked its guidance for the fiscal year.

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