Kohl's Shares Climb on Earnings and Sales Beat

Shares of Kohl's (KSS) - Get Report were higher Thursday after the department store chain reported better-than-expected earnings for the second quarter. Kohl's booked earnings of $1.22 a share, 17 percent above consensus estimates, while sales of $4.18 billion also topped forecasts by about $200 million. CEO Kevin Mansell said that new inventory and management initiatives helped widen profit margins and reduce inventory. Mansell also highlighted the benefits of back-to-school season. Shares of Kohl's are up about 13 percent so far on the year.

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