Kohl's Earnings Beat Estimate; Executives Credit Better Handling of Inventory, Appeal of New Brands

Summary

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Strong sales and improved operations led Kohl's Corp. on Thursday to report an increase of 27.8% in earnings per share, to 69 cents, up from 54 cents for the second quarter a year ago. The results are four cents higher than the consensus estimate from analysts of 65 cents per share.

"It's the result of the merchandise initiatives and inventory management," said Chief Operating Officer Arlene Meier in a conference call with analysts.

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Kohl's Earnings Beat Estimate; Executives Credit Better Handling of Inventory, Appeal of New Brands

Shares of the Menomonee Falls-based department store chain jumped in after-hours trading nearly 4%, to $60.45, after the company raise...

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