MENOMONEE FALLS, Wis. —
Kohl's Corp. (KSS) on Tuesday reported fiscal second-quarter profit
of $241 million.
On a per-share basis, the Menomonee Falls, Wisconsin-based company
said it had profit of $1.51. Earnings, adjusted for asset impairment
costs, came to $1.55 per share.
The results exceeded Wall Street expectations. The average estimate
of eight analysts surveyed by Zacks Investment Research was for
earnings of $1.52 per share.
The department store operator posted revenue of $4.43 billion in the
period, missing Street forecasts. Four analysts surveyed by Zacks
expected $4.46 billion.
Kohl's expects full-year earnings in the range of $5.15 to $5.45 per
Kohl's shares have declined 27% since the beginning of the year,
while the Standard & Poor's 500 index has climbed 17%. The stock has
decreased 37% in the last 12 months.