Kohl’s posts strong numbers
Brian Carroll -- Furniture Today, August 12, 2005
MENOMONEE FALLS, Wis. -- Kohl’s Corporation had a decent spring season in home, but home did not rank among the top three business segments for the second quarter, company executives during a second-quarter earnings call late yesterday.
Kohl’s Chairman and CEO Larry Montgomery said, “As expected, we continued gaining momentum in comparable-store sales in the second quarter, achieving the high end of our guidance for both comp store sales and EPS. Looking forward, we continue to target comparable-store sales growth in the mid-single digit range for the fall season.”
Net income in the second quarter jumped 27.4 percent to $187.2 million.
Sales rose 15.6 percent to $2.9 billion, and comps climbed 5.1 percent.
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