Kohl’s Earnings Rise 27%, Beating Estimates
Discount department store company Kohl’s Corp. said second-quarter profit rose 27%, exceeding analysts’ estimates, on sales of exclusive women’s apparel and accessories.
Net income increased to $187.2 million, or 54 cents a share, from $146.9 million, or 43 cents, a year earlier. Sales rose 16% to $2.89 billion, the Menomonee Falls, Wis.-based company said.
Kohl’s was expected to earn 52 cents a share, Thomson Financial said.
The shares closed down 15 cents at $54.75 before the earnings announcement.
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