Kohl's Corp. (KSS) Tops Q2 EPS by 5c, Sales Beat

Kohl's Corp. (NYSE: KSS) reported Q2 EPS of $1.24, $0.05 better than the analyst estimate of $1.19. Revenue for the quarter came in at $4.14 billion versus the consensus estimate of $4.12 billion.

Kevin Mansell, Kohl''s chairman, chief executive officer and president, said, "The traffic momentum that we saw in the combined March/April period accelerated in the second quarter. Though transactions for the quarter were lower than last year, July transactions increased. We are also excited by the sequential sales trend improvement in all our lines of business, all geographic regions, and in both our proprietary and national brand portfolios. Gross margin and SG&A expenses were consistent with our expectations and we are seeing benefits from our ongoing inventory initiatives and the early stages of our cost-saving initiative."

For earnings history and earnings-related data on Kohl's Corp. (KSS) click here.

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