Kohl's beats 2Q profit forecasts

MarketsAssociated Press

Kohl's Corp. (KSS) on Thursday reported fiscal second-quarter profit of $208 million.

The Menomonee Falls, Wisconsin-based company said it had profit of $1.24 per share.

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The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The department store operator posted revenue of $4.14 billion in the period, which met Street forecasts.

Kohl's shares have decreased 15 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 11 percent. The stock has climbed 11 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on KSS at https://www.zacks.com/ap/KSS


Keywords: Kohl's, Earnings Report