Thursday, February 23, 2017

Kohl's quarterly profit beats on higher margins

A sign marks a Kohl's store in Medford, Massachusetts, U.S., February 21, 2017.   REUTERS/Brian Snyder
Department store operator Kohl's Corp followed larger rival Macy's Inc in reporting a better-than-expected quarterly profit, helped by higher margins despite a drop in sales during the crucial holiday selling season.

Kohl's said on Thursday that its full-year sales could fall 1.3 percent or grow 0.7 percent, which translates to sales of $18.44 billion-$18.82 billion.

Sales at Kohl's stores open at least a year fell 2.2 percent.. . . more

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