Kohl’s reports flat quarter

Menomonee Falls-based Kohl’s Corp. today reported third quarter net income of $142 million, or 70 cents per share, down from $177 million, or 81 cents per share, in the third quarter of 2013.

Third quarter revenue was $4.4 billion, flat from the same period last year. Comparable store sales were down 1.8 percent year-over-year.

The retailer ended the quarter with 1,163 stores in 49 states, more than the 1,158 stores it had at the end of the third quarter in 2013.

Kevin Mansell, chairman, CEO and president, said the home and women’s categories underperformed the company as sales fell below the company’s expectations.

Store sales remain challenging, but online sales were especially strong, Mansell said.

“A strong back-to-school season offset a very weak October,” he said.

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