Kohl's tops 4Q net income and revenue expectations
MENOMONEE FALLS, Wis. (AP) -- Kohl's Corp. (KSS) on Thursday reported fiscal fourth-quarter net income of $369 million.
On a per-share basis, the Menomonee Falls, Wisconsin-based company said it had net income of $1.83.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.
The department store operator posted revenue of $6.34 billion in the period, also surpassing Street forecasts. Analysts expected $6.3 billion, according to Zacks.
For the year, the company reported profit of $867 million, or $4.24 per share. Revenue was reported as $19.02 billion.
Kohl's expects full-year earnings to be $4.40 to $4.60 per share.
Kohl's shares have climbed 16 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 3 percent. The stock has increased 36 percent in the last 12 months.
Keywords: Kohl's, Earnings Report