Kohl’s Corp., seeing strength across both store and digital channels, reported a 40 percent gain in net income to $292 million for the second quarter compared with $208 million in the year-ago period.
Total revenues rose 4 percent during the quarter ended Aug.4 to $4.57 billion from $4.4 billion a year ago. Comparable sales gained 3.1 percent.
”We saw strength across the business — both our store and digital channels, all regions of the country and our proprietary and national brands,” said Michelle Gas, chief executive officer. Men’s and women’s apparel businesses led the company followed closely by footwear, Gass said.
Due to the solid performance, the company now expects its fiscal 2918 diluted earnings per share to be $4.96 to $5.36, compared to previous guidance of $4.86 to $5.31.
Kohl’s results are consistent with those of several major retailers including Nordstrom and Walmart which last week also reported healthy second quarter results.