Shares of Kohl's Corp. plunged Thursday after the department store chain reported results for its fiscal first quarter that fell short of analysts' expectations.
The Menomonee Falls, Wis., company said its net income was $127 million, or 63 cents a share, in the three months ended May 2. That's compared to a net income of $125 million, or 60 cents a share, in the same period a year earlier.
Sales grew to $4.12 billion, up from $4.07 billion a year earlier. Still, Kohl's missed analyst expectations of $4.19 billion.
Kohl's shares fell 13.3% to $64.62 on Thursday.