Benzinga | May 20, 2021 07:03AM EDT

Kohl's Raises Guidance

Updated 2021 Financial Outlook

The Company is raising its full year 2021 financial outlook to include the following:

* Net sales is now expected to increase in the mid-to-high teens percentage range compared to the previous expectation of mid-teens percentage rate increase

* Operating margin is now expected to be in the range of 5.7% to 6.1% compared to the previous expectation of 4.5% to 5.0%

* Adjusted earnings per share is now expected to be in the range of $3.80 to $4.20, excluding any non-recurring charges, compared to the previous expectation of $2.45 to $2.95