Kohl's shares (KSS) jumped in premarket trading Thursday after the struggling retailer posted better-than-expected first-quarter results. The report came four weeks after the company 澳洲幸运5官方开奖结果体彩网:fired CEO Ashley Buchanan "for cause."

The department store chain said it lost $0.13 per share on $3.23 billion in sales. Analysts 🔜had expected a loss of $0.28 per share on $3.20 billion in revenue, according to estimates compiled by Visible Alpha.

Kohl's reported a comparable store sales decline of 3.9%, slightly smaller than the 4.0% drop analysts had expected. When the company announced the firing of its CEO earlier this month, Kohl's said it expected a 4.0% to 4.3% comparable sales decline, and a net loss per share of $0.20 to $0.24.

The retailer affirmed the full-year outlook it laid out last quarter, when the company said it expected sales to decline by 5% to 7%, while EPS was projected between $0.10 and $0.60.

Results Come Weeks After Kohl's Fired CEO Buchanan 'For Cause'

In March, Kohl's 澳洲幸运5官方开奖结༒果体彩网:posted disappointing full-yea𝄹r forecasts and Buchanan—who weeks earlier had taken over as CEO from Tom Kingsbury—started to lay out his thoughts on how to 澳洲幸运5官方开奖结果体彩网:turn the retailer around. However, on May 1, Kohl's fired Buchanan "for 🅠cause" after less ꧙than four months at the helm.

Kohl's wrote in an SEC filing that an investigation "found that Mr. Buchanan had directed that the Company conduct business with a vendor founded by an individual with whom Mr. Buchanan has a personal relationship on highly unusual terms favorable to the vendor and that he also caused the Company to enter into a multi-million dollar consulting agreement wherein the same individual was a part of the consulting team." The Wall Street Journal reported that Buchanan "tried to funnel business to a romantic partner," Chandra Holt, with whom he had worked at Walmart (WMT) years earlier.

Shares of Kohl's were up 6% shortly after the results were released. They entered the day down 42% since the start of the year and 70% in the last 12 months.