Kohl’s shares (KSS) jumped in premarket buying and selling Thursday after the struggling retailer posted better-than-expected first-quarter outcomes. The report got here 4 weeks after the corporate fired CEO Ashley Buchanan «for trigger.»

The division retailer chain stated it misplaced $0.13 per share on $3.23 billion in gross sales. Analysts had anticipated a lack of $0.28 per share on $3.20 billion in income, in keeping with estimates compiled by Seen Alpha.

Kohl’s reported a comparable retailer gross sales decline of three.9%, barely smaller than the 4.0% drop analysts had anticipated. When the corporate introduced the firing of its CEO earlier this month, Kohl’s stated it anticipated a 4.0% to 4.3% comparable gross sales decline, and a web loss per share of $0.20 to $0.24.

The retailer affirmed the full-year outlook it laid out final quarter, when the corporate stated it anticipated gross sales to say no by 5% to 7%, whereas EPS was projected between $0.10 and $0.60.

Outcomes Come Weeks After Kohl’s Fired CEO Buchanan ‘For Trigger’

In March, Kohl’s posted disappointing full-year forecasts and Buchanan—who weeks earlier had taken over as CEO from Tom Kingsbury—began to put out his ideas on the right way to turn the retailer around. Nevertheless, on Could 1, Kohl’s fired Buchanan «for trigger» after lower than 4 months on the helm.

Kohl’s wrote in an SEC submitting that an investigation «discovered that Mr. Buchanan had directed that the Firm conduct enterprise with a vendor based by a person with whom Mr. Buchanan has a private relationship on extremely uncommon phrases favorable to the seller and that he additionally induced the Firm to enter right into a multi-million greenback consulting settlement whereby the identical particular person was part of the consulting crew.» The Wall Avenue Journal reported that Buchanan «tried to funnel enterprise to a romantic accomplice,» Chandra Holt, with whom he had labored at Walmart (WMT) years earlier.

Shares of Kohl’s had been up 6% shortly after the outcomes had been launched. They entered the day down 42% because the begin of the yr and 70% within the final 12 months.