Kohl's beats Street 4Q forecasts
MENOMONEE FALLS, Wis. (AP) _ Kohl's Corp. (KSS) on Thursday reported fiscal fourth-quarter profit of $468 million.
On a per-share basis, the Menomonee Falls, Wisconsin-based company said it had net income of $2.81. Earnings, adjusted for pretax gains, came to $1.87 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.
The department store operator posted revenue of $6.78 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $6.74 billion.
For the year, the company reported profit of $859 million, or $5.12 per share. Revenue was reported as $19.1 billion.