Tuesday, August 20, 2019

Kohl's Rises After Posting Better-Than-Expected Second-Quarter Earnings

Department store chain Kohl's on Tuesday reported second-quarter earnings lower than a year ago but still ahead of analysts' forecasts as the company continued to focus on cutting costs while changing its product lineup to entice customers to walk through its doors.

Sales rang in at $4.43 billion for the quarter, down from $4.57 billion a year ago though ahead of analysts' forecasts of $4.31 billion. Comparable same-store sales dropped 2.9% vs. a gain of 3.1% in the same period last year.. . . more