Kohl's Tops Estimates, Sets Expansion Plans

Updated from 4:34 p.m. EST

Kohl's (KSS Quote) beat analysts' earnings estimates for the latest fourth quarter, while total sales rose 22.5% and same-store sales increased 10.1%, and the company set plans to open around 150 new stores in the next two years.

The company posted earnings of $233.8 million, or 68 cents a share, for the quarter ended Feb. 2. According to First Call, analysts were looking for a profit of 66 cents. In the same period a year ago, Kohl's earned $178.5 million, or 52 cents a share.

Sales for the quarter rose to $2.72 billion from $2.22 billion a year ago. Wall Street was expecting a top line of $2.68 billion. ...