Kohl’s Corp. down in quarter, year

Menomonee Falls-based Kohl’s Corp. reported fourth quarter net income of $334 million, or $1.56 per share, down from $378 million, or $1.66 per share, in the same period a year ago.

For the fiscal fourth quarter ended Feb. 1, the company reported net sales of $6.1 billion, down from $6.3 billion in the fourth quarter last year.

For the full year, Kohl’s had net income of $889 million, or $4.05 per share, down from $986 million, or $4.17 per share, in the prior year.

Full-year net sales were $19 billion, compared to $19.2 billion a year ago.

“We were pleased with our sales during the November and December holiday season as the customer responded favorably to our merchandise and values,” said Kevin Mansell, chairman, president and chief executive officer. “Despite increased shipping costs related to our E-Commerce business, we were able to achieve our gross margin guidance for the quarter. We believe our inventory levels and assortment are well-positioned as we transition into the spring season.”

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