Kohl‘s Posts 43% increase in Net Income |
Wednesday, May 7, 2003 12:34:31 PM - Middletown Ohio |
Middletown (MUSA) -Department store Kohl‘s (KSS) jumped 5.7% to $77.75 per share beating analysts‘ consensus estimate by two cents per share. First-quarter earnings came in at $0.31 per share, a 42% increase from a year ago. Kohl‘s posted a 42.7% increase in net income for the first quarter. Same-store sales were up 9.1% for the quarter. Market share gains and cost reductions were the primary reason for the improvement.
Khol‘s has a large internet distribution center in Monroe, Ohio and a retail outlet in Middletown. |
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