JetBlue Rises, Elf Beauty Surges, Kohl's Rises After Earnings
On this episode of Stock Movers:
- JetBlue (JBLU) shares rise after the airline agreed to a partnership with United Airlines that will allow travelers to use loyalty points and book flights across both carriers. The partnership, called the Blue Sky alliance, will give United access to JetBlue's JFK flight slots for up to seven daily round trips starting in 2027.
- Elf Beauty (ELF) shares surge after the cosmetic company agreed to acquire Hailey Bieber’s beauty brand, Rhode, for $1 billion. The company also reported fourth-quarter results, but declined to issue fiscal 2026 financial guidance.
- Kohl's (KSS) shares rise after the company reported comparable sales that fell 3.9% in the three months ended May 3, slightly better than analysts' expectations. The company affirmed its full-year outlook and reported revenue of $3 billion for the quarter, roughly in line with analysts' expectations.
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