MENOMONEE FALLS, Wisconsin — Kohl's Corp. (KSS) on Thursday reported net income that stayed nearly flat in its fiscal second quarter, and topped analysts' expectations.
The Menomonee Falls, Wisconsin-based company reported net income of $232 million, or $1.13 per share, compared with $231 million, or $1.04 per share, in the same quarter a year ago. The average estimate of analysts surveyed by Zacks Investment Research was for profit of $1.07 per share.
The department store operator said revenue dropped 1 percent to $4.24 billion from $4.29 billion in the same quarter a year earlier, and missed Wall Street forecasts. Analysts expected $4.3 billion, according to Zacks.
Kohl's shares have fallen $1.64, or nearly 3 percent, to $55.11 since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 5 percent. However, the stock has increased $3.89, or roughly 8 percent, in the last 12 months.