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Kohl's Corporation Reports First Quarter Financial Results

Kohl’s Corporation (NYSE:KSS). Kohl’s Corporation today reported results for the quarter ended May 3, 2014.

     
  Quarter
($ in millions)   2014     2013     Change
Sales $ 4,070   $ 4,199   (3.1)%
Comparable store sales (3.4 )% (1.9 )% -
Net income $ 125 $ 147 (15)%
Diluted earnings per share   $ 0.60     $ 0.66     (9)%
 

Kevin Mansell, Kohl's chairman, president and chief executive officer, said, “We did not achieve our first quarter sales goals, but we were encouraged by the improvement in sales as the quarter progressed. Our teams managed our inventory levels appropriately and expenses were controlled throughout the organization during the quarter."

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