Kohl’s reports solid quarter

Kohl’s Corp. today reported third quarter net income of $215 million, or 91 cents per share, up from $211 million, or 80 cents per share, in the same period a year ago.

The Menomonee Falls-based retailer’s quarterly net sales grew 2.6 percent to $4.5 billion. Comparable store sales for the quarter increased 1.1 percent.
Kevin Mansell, Kohl’s chairman, president and chief executive officer, said, “Our sales performance in the third quarter was consistent with our expectations, while our gross margin results were better than expected. Thanks to our dedicated teams, expenses were again well-managed. We have made noticeable investments in Holiday inventory – both in depth and content – and the in-store experience. Our stores are festive and fun to shop. We are also very excited about our expanded gift strategy and our ability to offer great products at great values.”


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