Kohls Corporation Earnings: Net Income Rises

S&P 500 (NYSE:SPY) component Kohls Corporation (KSS) reported its results for the most recent quarter. Kohl’s Corp. operates department stores that offer apparel, footwear and accessories as well as home products and housewares.

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Kohls Corporation Earnings Cheat Sheet

Results: Net income for the company rose to $211 million (73 cents/share) from $199 million in the year ago quarter.

Actual vs. Wall St. Expectations: KSS beat the mean analyst estimate of 72 cents/share. Estimates ranged from 70 cents per share to 75 cents per share.

Quoting Management: Kevin Mansell, Kohl’s chairman, president and chief executive officer, said, “We are pleased that we were able to achieve double-digit growth in earnings per share through strong expense management and continued gross margin improvement. We also distributed our first-ever dividend of $0.25 per share and repurchased $445 million of our shares within the quarter as we remain committed to delivering excess cash to our shareholders.”

Competitors to Watch: J.C. Penney Company, Inc. (NYSE:JCP), Sears Holdings Corporation (NASDAQ:SHLD), Macy’s, Inc. (NYSE:M), The Bon-Ton Stores, Inc. (NASDAQ:BONT), Dillard’s, Inc. (NYSE:DDS), Saks Incorporated (NYSE:SKS), Nordstrom, Inc. (NYSE:JWN), Wal-Mart (NYSE:WMT), Nordstrom (NYSE:JWN), The TJX Companies (NYSE:TJX), Target Corporation (NYSE:TGT), Overstock.com, Inc. (NASDAQ:OSTK), and QKL Stores Inc (NASDAQ:QKLS)

Stock Performance: Shares of KSS are down this morning a little under 1% from the previous close of $53.61.

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