Kohl's Corporation Reports Second Quarter Financial Results

Kohl’s Corporation (NYSE:KSS). Kohl’s Corporation today reported results for the quarter ended August 2, 2014.
         
  Quarter   Year to Date
($ in millions)   2014   2013   Change   2014   2013   Change
Sales $ 4,242   $ 4,289   (1.1 )% $ 8,312   $ 8,488  

(2.1

)%
Comparable store sales (1.3 )%

 

0.9

%

-

 

(2.3

)%

 

(0.5

)%
-
Net income $ 232 $ 231

%

$

357
$ 378 (6 )%
Diluted earnings per share   $ 1.13     $ 1.04     9 %   $ 1.73     $ 1.70     2 %
 

Kevin Mansell, Kohl's chairman, president and chief executive officer, said, “We are pleased with the improvement we saw in sales as the quarter progressed. The improvement was the most dramatic in the month of July where we achieved a positive comp. As they consistently do, our teams did a great job of managing expenses throughout the quarter. We enter the back-to-school season with fresh, new inventory and encouraging momentum."

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