Kohl’s Corp. registered gross margin improvement despite declines in profits and sales in the fourth quarter.
In the 13 weeks ended Feb. 1, the Menomonee Falls, Wis.-based midtier department store registered net income of $334 million, or $1.56 a diluted share, down 11.6 percent from the $378 million, or $1.66, logged in the final quarter of 2012. Kohl’s had projected earnings per share of $1.53 in updated guidance, and analysts, on average, expected EPS of $1.54.
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