By  on November 8, 2012

Kohl’s Corp. said tightly-managed expenses helped it register a 1.9 percent gain in third-quarter earnings Thursday.
 
For the period ended Oct. 27, the retailer reported net income of $215 million, or 91 cents a diluted share, compared with a profit of $211 million, or 80 cents, in the year-ago quarter.


Net sales increased 2.6 percent to $4.49 billion from year-ago sales of $4.38 billion.
 
Wall Street predicted earnings per share of 88 cents on sales of $4.47 billion.
 
Selling, general and administrative expenses edged up 0.6 percent to $1.08 billion, as gross margin for the quarter slid to 38.1 percent of sales versus a year-ago margin of 38.6.

To access this article, click here to subscribe or to log in.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus