Kohl’s reports flat quarter

Kohl’s Corp. today reported second quarter net income of $231 million, or $1.04 per share, compared with $240 million, or $1.00 per share in the same period a year ago.

The Menomonee Falls-based retail chain’s quarterly net sales grew to $4.3 billion from $4.2 billion a year earlier.

Kevin Mansell, Kohl’s chairman, president and chief executive officer, said, “We are pleased with our progress in the second quarter. Sales improved significantly over the first quarter and our gross margin improved over last year. Expenses were well-managed and we ended the quarter with inventory per store up mid-single digits while funding our e-commerce growth. I would like to thank each of our associates for their contribution to our results.”

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