News

Kohl's enjoys profit, revenue boost

August 31, 2018

Walmart and Target aren't the only retailers enjoying strong quarterly results. Kohl's bested both revenue and profit predictions for the second quarter as well.

Kohl's revenue hit $4.57 billion million for the quarter, with a per share of $1.76 — a healthy jump over analysts' share expectations of $1.65, according to a New York Daily News report.

Store sales increased 3.1 percent and it was the fourth consecutive quarter of increased same-store sales, noted the report.