MENOMONEE FALLS, Wis. — Strong private brand performance and smarter expense management helped Kohl's deliver a hefty earnings increase and respectable sales growth for its second quarter.
The company reported second quarter diluted earnings per share increased 30% to $1.09. Net income for the quarter was $303 million, compared with $260 million (84 cents per diluted share) a year ago. Net sales were $4.2 billion, an increase of 3.6% over the comparable prior year quarter. Comparable-store sales for the quarter increased 1.9%.