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Kohl's quarterly profit jumps 48.6 pct
August 10, 2017 / 11:09 AM / a month ago

Kohl's quarterly profit jumps 48.6 pct

Aug 10 (Reuters) - Department store operator Kohl’s Corp reported a 48.6 percent rise in quarterly profit from a year earlier, when it recorded charges of $128 million related to impairments and store closures.

The company’s net income rose to $208 million, or $1.24 per share, in the second quarter ended July 29 from $140 million, or 77 cents per share, a year earlier.

Net sales fell 1 percent to $4.14 billion, declining for the sixth straight quarter.

Reporting by Sruthi Ramakrishnan in Bengaluru, Editing by Anil D'Silva

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