Kohl’s Jumps on Outlook Boost in Sign of Consumer Resilience (3)

Kohl’s Corp. shares surged after it offered a more optimistic full-year sales outlook, the latest indication that consumer spending hasn’t yet run out of steam.

The company now expects comparable sales to fall no more than 5% this year, an improvement from its prior forecast that sales would decline as much as 6%. The company also reported second-quarter sales that were better than Wall Street estimates.

Retailers continue to point tosales momentumfrom US shoppers shrugging off worries about tariffs and and inflation. Earlier this month, TJ Maxx owner TJX Cos. and Ross Stores Inc. indicated that Americans are ...