Kohl's 1Q profit climbs, lifts full-year outlook - WAOW - Newsline 9, Wausau News, Weather, Sports

Kohl's 1Q profit climbs, lifts full-year outlook


MENOMONEE FALLS (AP) -- Kohl's Corp.'s first-quarter net income climbed 6 percent as the department store chain controlled expenses and expanded its online business.

The company also lifted its full-year earnings outlook Thursday. Kohl's earned $211 million, or 73 cents per share, for the period ended April 30.

That's up from $199 million, or 64 cents per share, a year earlier. The performance met analysts' expectations. Revenue rose 3 percent to $4.16 billion from $4.04 billion. Wall Street forecast revenue of $4.26 billion.

Kohl's, based in Menomonee Falls, Wis., now expects full-year earnings of $4.25 to $4.40 per share, up from $4.05 to $4.25 per share. It anticipates second-quarter earnings of 96 cents to $1.02 per share.

Analysts predict full-year earnings of $4.36 per share and second-quarter earnings of $1 per share.

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