Good morning. Kohl’s is gaining momentum in its turnaround after a period of CEO turnover, while longtime finance chief Jill Timm has been a mainstay.

The retailer reported on Wednesday Q2 2025 adjusted earnings per share (EPS) of $0.56, beating the $0.30 estimate, driven by cost controls and margin improvements, and sending shares up over 20% despite a 5.1% drop in net sales. Proprietary brands and the Sephora partnership showed positive growth.

Following years of weak sales, the better-than-expected earnings come after a tumultuous period, my Fortune colleague Sydney Lake writes . CEO Ashley Buchanan was fired in May—just over 100 days into the role —after an investigation found he directed the company to do business with a vendor who was his romantic partner , under highly u

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