MENOMONEE FALLS, Wis. — Kohl’s Corp. today reported fiscal second-quarter profit of $382 million.
On a per-share basis, the company said it had profit of $2.48.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The department store operator posted revenue of $4.45 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $4.2 billion.
Kohl’s expects full-year earnings in the range of $5.80 to $6.10 per share.
Kohl’s shares have increased 27% since the beginning of the year, while the S&P’s 500 index has climbed 17%. The stock has more than doubled in the past 12 months.