reported a solid July with total sales increasing about 21% and same-store sales rising 6.7%. The company said seasonal apparel sales were strong in the period, leading it to push second-quarter earnings estimates slightly higher.
Total July sales were $700.8 million, up from $577.1 million last year.
Second-quarter revenue and comparable-store sales also rose, up 15% and 1.1%, respectively. The quarter's total sales were $2.21 billion, compared with $1.92 billion a year ago.
As a result, Kohl's now expects second-quarter earnings at the high end of its previous estimate of 30 cents to 32 cents a share, the company said on a prerecorded call. Analysts expect 31 cents a share.
For August, Kohl's said same-store sales would probably increase 3%, compared with a 4% advance in the year-ago period.
Shares of Kohl's were up about 2%, or $1.16, at $61.80 in morning trading.