Kohl’s Profit Beats Estimates As Costs Fall
Department store chain Kohl’s Corp reported a better-than-expected quarterly profit as costs fell, sending its shares up 3.4 percent in premarket trading. The company said selling, general and administrative costs fell about 2 percent to $981 million in the second quarter. Penney Co Inc and Nordstrom Inc, said net sales fell 1.1 percent to $4.24 billion. Bigger rival Wal-Mart Stores Inc on Thursday cut its full-year profit forecast, citing higher employee healthcare costs and increased investment in its online business.
“Kohl’s Profit Beats Estimates As Costs Fall” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.