Kohl’s shares tumbled Thursday, despite the company reporting fiscal-quarter quarter profit and sales that exceeded expectations and hiking its full-year forecast.

The stock was recently down more than 8% in premarket trading.

It followed a similar trend with Target and Lowe’s, both of which reported strong earnings results a day before, and watched their respective stocks lose momentum throughout the day. Some investors are cautious about the strong demand coming out of the pandemic sticking, especially as stimulus checks are spent.

However, Chief Executive Michelle Gass said momentum did built throughout the quarter, especially in Kohl’s stores, where the retailer has been investing in new private brands and refreshing displays in activewear, women’s apparel and beauty.

Here’s how the company did for the quarter ended May 1, compared with what analysts were anticipating, based on a Refinitiv survey:

Kohl’s net income climbed to $14 million, or 9 cents per share, from a loss of $541 million, or $3.52 per share, a year earlier. Excluding one-time adjustments, the company earned $1.05 per share, outpacing expectations for 4 cents, based on a Refinitiv survey.

Revenue soared nearly 70% to $3.89 billion from $2.43 billion a year earlier. That beat expectations for $3.48 billion.

The company said its store sales more than doubled during the quarter, while digital sales rose 14% year over year. It didn’t break out same-store sales figures.

Kohl’s expects full-year adjusted earnings per share to be between $3.80 and $4.20, up from a prior range of $2.45 to $2.95.

Net sales are estimated to rise in the mid-to-high teens percentage range, compared with a previous expectation of a mid-teens percentage jump.

Analysts had been looking for adjusted earnings of $3.15 per share, with sales rising 19.3% for the year, according to Refinitiv.

As of market close Wednesday, Kohl’s shares have risen more than 48% year to date. Kohl’s has a market cap of $9.5 billion, which is notably more than Macy’s and Nordstrom.